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Social gaming platform Rec Room scores $20 million Series C

TechCrunch

Social gaming platform Rec Room has scored some new funding as it aims to bring its once VR-centric world to every major gaming platform out there. The startup has closed a $20 million Series C led by Madrona Venture Group. Existing investors, including First Round Capital, Index, Sequoia and DAG, also participated in the round.

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Goama lets developers integrate a social gaming platform into their apps

TechCrunch

Goama (also known as Go Games) lets developers quickly integrate social games into their apps. Some of Goama’s clients have used it for promotional campaigns, while others rely on the platform, which introduces new games every week, to add a full-fledged gaming function to their app.

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This Week in VC with Om Malik & Paul Jozefak

Both Sides of the Table

Online social game network; make their own games (FarmVille, Mafia Wars, FrontierVille) in addition to allowing third-party developers to access network. Competitors: Playdom , Social Gaming Network. Current round: $4.7mm extension to Series A ($4.7mm+previous $1.85mm=$6.55mm) Total raised: $6.55mm.

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Revel raises $7.8M to become the Instagram and Robinhood of NFT platforms

TechCrunch

Revel , an NFT or “social collectibles” platform, raised $7.8 One way to describe Revel is a cross between Instagram and Robinhood, wrapped in social game economics,” Sideman said. Instagram is known as a social media platform while Robinhood is known as an investing and trading platform.

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Skate Where the Puck is Going

Both Sides of the Table

Last year’s passé terms that even entrepreneurs cringe at (and the best are embarrassed to lead with) are social network, social media and social games. I guess “social&# is just soooo last year. I hope they are because badges will run their course.

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Rec Room raises $145M at a $3.5B valuation for its user-generated, immersive gaming platform

TechCrunch

On the heels of Roblox hitting it big with its platform for user-created gaming content, another startup has landed a major round of funding to build out its own user-generated platform aimed at immersive experiences. There are some 12 million rooms on the platform already, Rec Room said.

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What Angel Investing & Florida Condos Have in Common

Both Sides of the Table

Instead investors are looking for the next flash sale, private sale, game dynamic, social games that rely on mobile platforms with geo-fenced, location aware offers. Yet nearly any entrepreneur who has an idea that other people aren’t doing will tell you that it’s hard to get investors excited. That is conformity.