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Meteor Entertainment Raises $10M

socalTECH

Meteor Entertainment , a developer of a downloadable, online shooting game called Hawken , has raised $10M in funding, according to reports. Source of the funding included Benchmark Capital and FirstMark Capital. The funding was led by former JAMDAT founder Mitch Lasky, who is now at Benchmark.

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Report: Machinima Seeking $50M In Funding

socalTECH

Los Angeles-based online content producer Machinima , which produces videogame related content for YouTube, is reportedly seeking $50M in funding, at a $200M to $250M valuation, according to reports today. The firm, which is led by Allen DeBevoise, publishes videos online related to video games, video game news, and entertainment.

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Report: Southern California Venture Capital Totals $464M In Q3

socalTECH

Venture capital investments in Southern California in Q3 totaled to $464.18M, according to the latest numbers released by the PricewaterhouseCoopers/NVCA Money Tree Report this evening, based on data from Thomson Reuters. billion invested in 780 venture capital deals for Q3. in funding. in funding. in investments.

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Kim Kardashian becomes a private equity dealmaker in collab with ex-Carlyle partner

TechCrunch LA

Kardashian is launching private equity firm SKKY Partners in conjunction with ex-Carlyle consumer head Jay Sammons to invest in business across consumer products, hospitality, luxury, digital commerce and media, the Wall Street Journal first reported. Jenner will be joining SKKY as a partner, the Journal reported.

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White House and House Democrats agree to funding package for paid sick leave, funding for tests

TechCrunch LA

The new bill will offer paid sick leave, stronger unemployment benefits, free virus testing and more money for food assistance and Medicaid and was approved only after 13 phone calls between the House Speaker Nancy Pelosi and Treasury Secretary Steve Mnuchin, according to a report in The New York Times. billion emergency funding package.”

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Scopely raises $340 million at a $3.3 billion valuation as gaming grabs investors’ interest

TechCrunch LA

In a move to shore up institutional support in what’s likely to be it’s last fundraising as a private company, the Los Angeles-based mobile gaming behemoth Scopely has raised $340 million in its latest eye-popping round of funding. ” In terms of capitalization, no other mobile gaming studio comes close. valuation. .”

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Clubspeed Collects $20M

socalTECH

Corona, California-based Clubspeed , a software developer which develops software used by entertainment and activity centers to manage their business, has raised $20M in a funding round, according to investor Bellwether Financial Group. READ MORE>>.