Snap putting more than half of office space in Venice up for lease; data visualization startup Virtualitics raises $7 million; and Overwatch League hires former WME-IMG VP of Licensing.
After renting up close to 400,000 square feet of space in a couple Santa Monica locations, the messaging app Snapchat appears to be leaving its long-time Venice home, Curbed reports. Snapchat’s parent company, Snap, is putting more than half of the properties it rents in Venice up for sublease.
Virtualitics closed a $7 million Series B round led by Centricus with participation from The VR Fund, TechCrunch reports. The startup is building a sort of “Excel for VR,” that lets people see data in a more immersive and collaborative way.
The Overwatch League announced that it hired former WME-IMG Vice President of Worldwide Licensing Daniel Siegel in a newly-created position of head of e-sports licensing, The Hollywood Reporter reports. Siegel will help drive extended investment in the entire Overwatch e-sports system, which features 12 teams representing major cities in Asia, Europe and North America and financial backers such as New England Patriots owner Robert Kraft and Sacramento Kings co-owner Andy Miller.
You May Also Like
- Silicon Beach Report Jan. 27: About 30 Percent of Brand Accounts on Snapchat Are Dormant
- $7.5M for Hollywood VR Startup
- Snap Acquires Israeli Augmented Reality Firm Cimagine Media
- Silicon Beach Report July 23: Snapchat Shutters SnapCash
- Silicon Beach Report Nov. 6: Blizzard Reveals Details of Upcoming Overwatch League Season
- Message App Company Still Connects With Venice
- Snap Aims for Street Smarts
- Silicon Beach Report Aug. 10: Snap Inc.’s Slow Second-Quarter Growth Disappoints Wall Street