Recreational video game competition Super League Gaming raises $15 million, Boring Co. completes test tunnel and Upfront raises $400 million for sixth early-stage fund.
Recreational Video Game Competition Super League Gaming Raises $15 Million
Recreational video game league Super League Gaming announced on Thursday that it raised a $15 million Series C round from investors including Nickelodeon, DMG Entertainment, SoftBank ISAT and Peter Guber’s aXiomatic, reports the Business Journal. The Santa Monica-based startup runs recreational tournaments for video games “Minecraft” and “League of Legends” over the internet and within movie theaters.
Boring Co. Completes Test Tunnel
Boring Co. has completed a test tunnel on SpaceX’s Hawthorne campus, reports The Verge. Musk has also continued his discussions with local officials on gaining regulatory approval for digging a tunnel beyond his company’s property.
Upfront Raises $400 Million for Sixth Early Stage Fund
Upfront Ventures said it raised a $400 million for a sixth early-stage venture capital fund, a big jump in capital from the firm’s previous fund, reports PE Hub Network. In a blog post, the firm said the new fund brings capital under management to nearly $2 billion.
Technology reporter Garrett Reim can be reached at [email protected]. Follow him on Twitter @garrettreim for the latest in L.A. tech news.
