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Riot Games Commits $10M To Minority Owned Game Studio Investments

socalTECH

Los Angeles-based Riot Games is looking to help patch up rocky race relationships in the United States, saying over the weekend that it will invest $10M in minority-owned game studios, in addition to providing $1M to the Innocence Project and the ACLU (American Civil Liberties Union), via is Social Impact Fund.

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Patron Picks Up $90M For Games, Consumer, Web Investments

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A new, early-stage venture firm, Patron--which has one of its General Partners based in Los Angeles--said on Tuesday that it has raised $90M in a new venture capital fund. Yeh and Cho said that they have served across such companies as Riot Games, FirstMark Capital, and Andreessen Horowitz. Yeh is based in Los Angeles.

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NI0, Backed By $500K From Tech Investors, Gears Up For Launch

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Los Angeles-based NI0 , a new startup in the sports and nutrition vertical, is gearing up for launch, backed by $500,000 in seed funding from a number of tech investors. Riot Games). NI0 is led by Braven Greenelsh, and says it is currently in another seed funding effort. READ MORE>>.

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Singularity 6 Takes $16.5M In Series A

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Los Angeles-based Singularity 6 , a developer of online games, has raised $16.5M in a Series A funding round, the company said this morning. The funding was led by Andreessen Horowitz (a16z), and also included seed investor LVP as well as FunPlus Ventures. READ MORE>>.

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Understanding What’s Going on in #LATech

Both Sides of the Table

Upfront Ventures was created 20 years ago as one of the original VC funds in Los Angeles. Back then only 15% of our dollars were invested locally whereas today 50% of our dollars are invested in LA. Back then only 15% of our dollars were invested locally whereas today 50% of our dollars are invested in LA.

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Gamzee Gets Seed Funding

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Los Angeles-based Gamzee , a developer of HTML5 and mobile/social games, announced Thursday that it has raised $1M in a seed round of funding. Paul Ksller of Bristol Investment Fund joins the firm's board as part of the funding. READ MORE>>.

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The Changing Venture Landscape

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On the one hand, you’re over paying for every investment and valuations aren’t rational. And as a result of this there are now very robust secondary markets where founders and seed-funds alike are selling down their ownership long before an ultimate exit. That used to be called A-round investing. of the fund.