6th: Podcastle raised a $7m series A round co-led by P9 and RTP Global. It's a mono-LP fund backed by a huge asset manager called Fidelity. Eight Roads has invested into successful companies like AppsFlyers, Cazoo, Fireblocks, Made, Spendesk and Neo4j. It will invest $5-50m initial tickets in sectors like consumer, fintech, SaaS and healthcare. It will back 15-20 European and Israeli startups. This new fund has already invested in 4 companies: Vly (plant based milk), Her1 (wellness supplements), Barkyn (subscription based dog food) and The Nu Company (healthy snack maker). It will back European food startups at series A and series B. 4th: Five Seasons raised a €180m fund II (vs. Roblox is working to enable any third developer and gamer to create his own items. At its core, Roblox has built a complex cross-experience avatar system. Roblox has put a lot of emphasis on being at the cornerstone of the metaverse emergence. In 2021, Roblox plans to payout $500m to its developers community. Another change is that now more than 50% of its users are more than 13 years old. Roblox has now 43m DAUs and its engagement figures are sticking beyond the covid crisis. 3rd: Roblox organised its annual developer conference called The Roblox Developer Conference. For instance, Alibaba gave prime digital real estate to live-streaming on its app, made live commerce a core component of its Singles' Day and massively trained creators to become live-streamers.Ĭhinese companies are following this aggressive strategy because the Chinese market is too competitive for them to be able to rest on their laurels and it's harder for them to build worldwide giants. Live-streaming took off in China because e-commerce giants disrupted their existing model and went all-in on live-streaming. In the past 5y, China has reached $171bn in total GMV which represents 10% of the total e-commerce market. "The most interesting thing about Chinese tech startups isn’t necessarily how innovative they are, but how willing they are to shake up their best, most core assets and disrupt themselves. 2nd: Rui Ma wrote a guest post for a16z on the explosive growth of Chinese tech companies. If you want to learn more about Voodoo, you can read this deep-dive. The acquisition is logical move in Voodoo's diversification strategy away from the hyper-casual game segment. Beach Bum is a mobile gaming studio specialized in board and card games which have deeper engagement than hypercasual games and which monetizes through in-app-purchases (vs. Voodoo raised $300m at a $2bn valuation during the summer with Groupe Bruxelles Lambert - probably to fund this acquisition. 1st: French gaming giant Voodoo acquired Beach Bum for $250-300m. Please note that the date picked for each event is not always the exact event date but the one at which I decided to write about the event.įriday, Oct.
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