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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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IVP: We Love LA, So We Invested In Snapchat

socalTECH

Why did lead investor IVP invest in what most local investors shied away from? Among the reasons given in a blog post from IVP, defending its investment in Snapchat: the firm loves LA. snapchat venture capital investment valuation jamdat' READ MORE>>.

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Silicon Beach Afternoon Roundup: Obama’s Net-Neutrality Rules Upheld in Federal Court

L.A. Business Journal

Net-neutrality upheld in federal court, e-commerce startup Loot Crate secures major investment; Electronic Arts sets its sights on e-sports market, and more.

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Carbonated Games Finds $8.5M

socalTECH

The company says its founders are from Zynga, Electronic Arts and Blizzard, and that it was founded in 2015. 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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MarketShare Partners Gets Investment From Elevation

socalTECH

Los Angeles-based MarketShare Partners , a provider of marketing analytics software said Wednesday afternoon that it has scored an investment round from Elevation Partners. According to MarketShare Partners, Elevation made a minority equity investment in the firm. Financial terms of the funding were not disclosed.

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

TechCrunch LA

The new investment follows Scopely’s milestone of achieving more than $1 billion in lifetime revenue. Indeed, part of the reason for the financing is to accelerate the pace of its acquisitions and investments into new game development studios, according to chief executive, Walter Driver.

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Apple plans major US expansion including a new $1 billion campus in Austin

TechCrunch LA

The investment was lauded by Texas Governor Greg Abbott. I thank Apple for this tremendous investment in Texas, and I look forward to building upon our strong partnership to create an even brighter future for the Lone Star State,” he said in a statement shared by Apple.

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