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Carbonated Games Finds $8.5M

socalTECH

El Segundo-based Carbonated Games , a developer of mobile games, has raised $8.5M Carbonated focuses on developing "highly competitive" games for mobile devices, which are more in line with the hard core games found on consoles and PCs, rather than the more usual casual gaming market. READ MORE>>.

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Consolidation is coming to gaming, and Jam City raises $145 million to capitalize on it

TechCrunch LA

A slew of banks are coming together to back a new roll-up strategy for the Los Angeles-based mobile gaming studio, Jam City and giving the company $145 million in new funding to carry that out. According to data collected by Newzoo , mobile games revenue reached a record $63.2 That number could reach $81.3 Roughly half of the U.S.

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Music Mastermind Nabs $11.3M As It Launches Music Creation App

socalTECH

Calabasas-based Music Mastermind , the interactive entertainment firm headed by Matt Serletic, has raised $11.3M, as it has inked a deal with mobile games publisher Chillingo to publish a new music creation game called Zya. Music Mastermind said the funding came from Intel Capital and Liberty Global. READ MORE>>.

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IVP: We Love LA, So We Invested In Snapchat

socalTECH

In its post, giving a number of its reasons for the investment, IVP said that "We Love LA", citing the success of LA''s JAMDAT Mobile , the mobile gaming firm which went public and was eventually acquired by Electronic Arts--which was founded by Mitch Lasky, who sits on Snapchat''s board and is a partner at Benchmark.

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Gaikai Names Strategy Head

socalTECH

Reeves joins the firm from Electronic Arts, where she was Senior Vice President/COO Global Online. She also served as SVP of JAMDAT Mobile. Gaikai is venture backed by Benchmark Capital, TriplePoint Capital, Rustic Canyon Partners, Limelight Networks and Intel Capital.

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LA-based gaming studio Scopely raises $200 million at a $1.4 billion valuation

TechCrunch LA

The Los Angeles-based mobile game development studio Scopely has become America’s newest unicorn thanks to a $200 million financing which values the company at a whopping $1.4 NewView, a growth stage venture capital firm spun out of the multibillion dollar investment firm NEA, led the most recent $200 million round for Scopely.

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Startup Grind Turns the Tables on Mark Suster

Both Sides of the Table

And we had these vans and mobile kegs in the back, and we would go to golf courses. So then when I wanted to go into venture capital, they said, “You can’t do that, you need to be in EIR.” So when I got into venture capital, I thought, “Well, what can I do that’s different?”

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