Valuation

Epic Games Receives $1 Billion In Funding, Intends To Grow The “Metaverse”

Source Node: https://estnn.com/epic-games-receives-1-billion-in-funding-intends-to-grow-the-metaverse/
Time Stamp: April 13, 2021 3:11 PM - Modified On: April 13, 2021 - Published By:
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Epic Games' stock has risen, literally. Video game developer Epic Games is responsible for creating Fortnite Battle Royale, arguably the last decade's most influential game. When the Battle Royale genre only had first-person shooters like PUBG and H1Z1, Fortnite captured the entire world's attention for both gamers and nongamers. Epic's iconic title became the talk of the town for an extended period, which the developer parlayed into well over $1B USD in revenue since Fortnite's release in 2017. Fortnite continues to grow in unfathomable ways. Just two seasons ago, Marvel

Epic Games raises $200 million from Sony in $1bn round at $28.7bn valuation

Source Node: https://www.talkesport.com/business/epic-games-raises-200-million-from-sony-in-1bn-round-at-28-7bn-valuation/
Time Stamp: April 13, 2021 10:41 AM - Modified On: April 13, 2021 - Published By:
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Epic Games said on Tuesday it had raised $1 billion in its latest funding round that valued the “Fortnite” maker at $28.7 billion. The company said it received an additional investment of $200 million from Sony Group Corp in the funding round, which also included Appaloosa, Baillie Gifford, and KKR & Co Inc. Epic Games Chief Executive Officer Tim Sweeney remains the controlling shareholder of the company after the latest investments, it said in a statement. “Their investment will help accelerate our work around building connected social experiences in Fortnite,

Daily Crunch: Apple Arcade expands with classic games

Source Node: https://techcrunch.com/2021/04/02/daily-crunch-apple-arcade-expands-with-classic-games/
Time Stamp: April 2, 2021 6:10 PM - Modified On: April 2, 2021 - Published By:
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Apple adds classic titles to Apple Arcade, Microsoft experiences an outage and Coinbase is going public. This is your Daily Crunch for April 2, 2021. The big story: Apple Arcade expands with classic games Until now, Apple’s game subscription service was limited to exclusive new titles, but today it’s introducing two new categories: App Store Greats (popular iPhone games like Monument Valley+, Fruit Ninja Classic+, Cut the Rope Remastered and Badland+) and Timeless Classics (board games and puzzle games, such as Backgammon+ and Chess Play and Learn+). This is a

Rec Room raises at $1.25B valuation from Sequoia and Index as VCs push to find another Roblox

Source Node: https://techcrunch.com/2021/03/24/rec-room-raises-at-1-25b-valuation-from-sequoia-and-index-as-vcs-push-to-find-another-roblox/
Time Stamp: March 24, 2021 1:48 PM - Modified On: March 24, 2021 - Published By:
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Investor FOMO following Roblox’s blockbuster public debut is pushing venture capitalists who missed out on that gaming giant to invest in competing platforms. Today, Rec Room announced it has raised $100 million from Sequoia and Index, with participation from Madrona Venture Group. The deal is a huge influx of capital for Rec Room, which had raised less than $50 million before this round, including a $20 million Series C that closed in December. In 2019, we reported that the company had raised its Series B at a $126 million valuation,

Seattle’s newest unicorn: Rec Room raises $100M as social gaming popularity fuels big growth

Source Node: https://www.geekwire.com/2021/seattles-newest-unicorn-rec-room-raises-100m-social-gaming-popularity-fuels-big-growth/
Time Stamp: March 24, 2021 1:04 AM - Modified On: March 24, 2021 - Published By:
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(Rec Room Image) Seattle-based Rec Room has raised $100 million in new funding. The game development startup is now valued at $1.25 billion after an explosive year of growth in which players used the platform to connect during the COVID-19 pandemic. It’s the latest Seattle-area startup to reach “unicorn” status with a $1 billion valuation or more. On a video call from the hospital where he and his wife welcomed a baby boy over the weekend, CEO and co-founder Nick Fajt was excited about the 5-year-old startup he’s been raising

Microsoft Reportedly in Talks to Buy Discord for $10 Billion

Source Node: https://www.dbltap.com/posts/microsoft-reportedly-in-talks-to-buy-discord-for-10-billion-01f1g2vjcqdh?utm_source=RSS
Time Stamp: March 23, 2021 2:21 PM - Modified On: March 23, 2021 - Published By:
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Top GamesMicrosoft is reportedly seeking to acquire chat platform Discord to the tune of $10 billion. | Photo courtesy of DiscordMicrosoft is one of several companies discussing an acquisition of chat platform Discord, with a $10 billion offer in the works, per a pair of reports.Discord has signed an exclusive acquisition discussion with one of the companies, indicating it's in final negotiations for a sale, per VentureBeat. No deal has yet been reached.A Bloomberg report, meanwhile, says no deal is imminent. One of its sources says Discord is more likely

Discord’s reported $10B exit; Compass and Intermedia Cloud Communications set IPO price ranges

Source Node: https://techcrunch.com/2021/03/23/discords-10b-exit-compass-and-intermedia-cloud-communications-set-ipo-price-ranges/
Time Stamp: March 23, 2021 10:52 AM - Modified On: March 23, 2021 - Published By:
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It’s demo day for the current Y Combinator class, so we’ll have a largely early-stage focus at TechCrunch today. But there’s also a host of late- and super-late-stage news this morning that matters. Let’s get to all of it before we start to talk accelerators, overheated pre-seed valuations and the like. The Exchange explores startups, markets and money. Read it every morning on Extra Crunch, or get The Exchange newsletter every Saturday. There are three things to discuss. First, the possible $10 billion exit of Discord to Microsoft. Discord is

Extra Crunch roundup: Coupang and Roblox debut, driving GPT-3 adoption, startup how-tos, more

Source Node: https://techcrunch.com/2021/03/12/extra-crunch-roundup-coupang-and-roblox-debut-driving-gpt-3-adoption-startup-how-tos-more/
Time Stamp: March 12, 2021 7:51 PM - Modified On: March 12, 2021 - Published By:
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Extra Crunch publishes a variety of article types, but how-tos are my favorite category. For many entrepreneurs, the startup they are trying to get off the ground might be only the second entry on their resume. As a result, they don’t have much experience to draw from when it comes to basics like hiring, fundraising and growth marketing. Last week, Natasha Mascarenhas interviewed experts who had some strategic advice for finding the right time to bring a product manager on board. This afternoon, we published a guest post by growth

Coupang follows Roblox to a strong first day of trading

Source Node: https://techcrunch.com/2021/03/11/coupang-follows-roblox-to-a-strong-first-day-of-trading/
Time Stamp: March 11, 2021 4:50 PM - Modified On: March 11, 2021 - Published By:
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Another day brings another pubic debut of a multibillion dollar company that performed well out of the gate. This time it’s Coupang, whose shares are currently up just over 46% to more than $51 after pricing at $35, $1 above the South Korean e-commerce giant’s IPO price range. Raising one’s range and then pricing above it only to see the public markets take the new equity higher is somewhat par for the course when it comes to the most successful recent debuts, to which we can add Coupang. The company’s