Mon.Mar 08, 2021

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New Game Studio Theorycraft Announces $37.5 Million In Funding

L.A. Business Journal

Fledgling video game studio Theorycraft Games Inc. announced March 4 that it had hauled in an impressive $37.5 million to fund development of its first title.

Funding 246
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Theorycraft Games Finds $37.5M

socalTECH

Los Angeles- and Seattle-based Theorycraft Games, founded by veterans of Riot Games, has raised $37.5M in a funding round, according to the company. The funding was led by NetEase, and also included NEA, Bitkraft Ventures, Griffin Gaming Partners, Sisu Game Ventures, as well as angels. According to the company, it is looking to make "deep, 10,000-hour games that are just better when played with friends.

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Startup TutorMe Rides Wave of Remote Learning

L.A. Business Journal

Well before the pandemic forced schools to adapt to virtual instruction, Myles Hunter was brainstorming ways to make tutoring more efficient.

Startup 246
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HyperX Launches Its Own Apparel Line

socalTECH

Fountain Valley-based HyperX, the gaming products maker which is currently part of Kingston Technology--but is in the process of being sold to HP--says it has launched its own apparel line. The company--which targets videogamers with its products--said its "GG Collection" is being manufactured in collaboration with Champion Athleticwear. The company said the new apparel line "is intended to provide gamers a stylish way to display their passion" and will include T-shirts, hoodies, hats, and a coo

Product 113
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Can You Ask for Office Rent Relief? How to Manage Your Lease During COVID-19

Office leases are one of companies’ largest expenses, and if your whole team is working from home with no clear end in sight, you may be wondering what to do about your lease.

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Curio Raises $1.2 Million for Digital Collectibles Platform

L.A. Business Journal

Curio’s platform allows individuals to create, own, share and trade digital collectibles from TV shows, graphic novels, movies and music.

Platform 195
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Levine Leichtman's Therapeutic Research Center Acquires NetCE

socalTECH

Therapeutic Research Center, which is owned by Los Angeles-based private equity investor Levine Leichtman Capital Partners, says it has acquired NetCE, a Roseville-based provider of continuing education resources for the healthcare industry. Financial details of the acquisition were not announced. NetCE (CE Resources Inc.) was founded in 1991. TRC is based in Denver, Colorado.

Research 113

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Instride Adds Meg Whitman To Advisory Board

socalTECH

Los Angeles-based Instride, which operates enterprise education programs, says it has tapped Meg Whitman, most recently the CEO of ill-fated Quibi, for its advisory board. Whitman also had previously served at eBay, Hewlett-Packard, and other companies. Instride says its advisory board also includes George S. Barrett, former Chair and CEO of Cardinal Health, Inc.; Barbara J.

Education 113
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New Game Studio Theorycraft Announces $37.5 Million In Funding

L.A. Business Journal

Fledgling video game studio Theorycraft Games Inc. announced March 4 that it had hauled in an impressive $37.5 million to fund development of its first title.

Funding 130
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Iteris Seeks Buyer

socalTECH

Santa Ana-based Iteris, which develops traffic and mobility management products, says it is seeking "strategic alternatives", and has hired investment banker Moelis & Company to assist it in the review. The company said its board has "initiated a comprehensive review of strategic alternatives to maximize shareholder value." The company did not give any other details on the effort, but did say that Latham & Watkins LLP is serving as the Company's legal advisor.

Mobile 113
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Maestro Raises $15 Million for Video Streaming Platform

L.A. Business Journal

Streaming video exploded in popularity during the last year, and few companies were better positioned to take advantage of that than Maestro Interactive Inc.

Platform 130
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EZ Texting Links With Shutterstock

socalTECH

Santa Monica-based business texting software developer EZ Texting, which is venture backed by Morgan Stanley Expansion Capital, Investor AB, and ROCA Partners, said last week that it has partnered with Shutterstock. According to the companies, the partnership makes millions of free images available to EZ Texting customers. EZ Texting said the new feature comes via Shuterstock's API.

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Curio Raises $1.2 Million For Digital Collectibles Platform

L.A. Business Journal

Curio’s platform allows individuals to create, own, share and trade digital collectibles from TV shows, graphic novels, movies, and music.

Platform 130
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Startups Spawned By Big Companies Have Extra Hurdles

Startup Professionals Musings

“Intrapreneurs” are entrepreneurs inside big companies, who do corporate spin-offs. A spin-off is merely a startup spawned by a mature parent (company), and conventional logic would dictate that it has a survival advantage over the lowly startup. Yet spin-offs seem to most often fail to launch in the real world. I was part of one myself a few years ago, and felt the pain.

Company 125
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Blok Sports App to Allow Betting Among Friends

L.A. Business Journal

Blok Sports founder and Chief Executive Mitchell Chun was consulting for a company working with blockchain technology.

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There is a Visionary Leader Behind Every Thriving Business

AllTopStartups

Statistics show that more than 90% of new businesses disappear within 5 years of launching and less than 5% of businesses survive over a period of 10 years. Naturally, a… The post There is a Visionary Leader Behind Every Thriving Business appeared first on AllTopStartups.