Media

Daily Deal Round Up: April 13, 2021
SafeGuard Cyber has raised $45m in a Cisco-backed debt and equity round while Pine Labs has paid the same amount to buy portfolio company Fave.
Focus on social media and networks
Netherlands-listed technology investor Prosus, formed out of the corporate venturing assets collected by South Africa-listed media group Naspers, has sold 2% of China-based gaming and social media group Tencent for $14.7bn.
Rising Stars Q&A – Sheena Jindal, Comcast Ventures
Q&A with Sheena Jindal, principal, Comcast Ventures
Corporate venturing deal net: 5-9 April 2021
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
Krafton crafts IPO plans
The Tencent-backed video game holding group has applied to float in a Korean initial public offering which could value it at about $18bn.
Tripledot gets a grip on $78m
Mobile puzzle game developer Tripledot Studios has bagged series A funding from investors including Access Industries.
ShareChat snatches $502m in series E
Snap and existing shareholder Twitter backed a round for the social media platform, which caters to speakers of 15 Indian languages, valuing it at $2.1bn.
Iris.TV blossoms with $18m
Iris.TV secured the capital in a series B round led by Intel Capital, having raised cash from investors including Bertelsmann Digital Media Investments six years ago.

Other News

Patreon gets $155m series F payment
Tiger Global Management has led the CAA and UTA-backed creator support platform’s latest round, at a $4bn valuation.
Sirclo absorbs Orami
SMDV, CyberAgent Ventures, DG Incubation and TMS Entertainment had all invested in the parenting media platform developer prior to the acquisition.
AppTweak accepts $22m from Rossel
The media company has supplied series B funding for ASO services provider AppTweak having backed its seed round six years ago.
Chingari checks in $13m
OnMobile took a 10% stake in the video-sharing platform through a round that also featured Taxmantra Global and India TV.
Spotify locks up Locker Room acquisition
GV and Alexa Fund have exited the sports discussion app's owner, Betty Labs, in an acquisition of undisclosed size by Spotify.
Dapper Labs wraps up $305m
The Coinbase, Samsung, Animoca Brands, Alphabet, Endeavor and Axiomatic-backed virtual trading card manager is reportedly now valued at $2.6bn.

Editor's Picks

Zhihu sees its way to $523m IPO
The online question-and-answer platform developer is going public alongside a $250m private placement featuring JD.com, Alibaba, Tencent and Lilith Games.
Hopin hops to $400m series C
Salesforce Ventures took part in a round that near tripled the valuation of the virtual events platform developer to $5.65bn in just four months.
Comcast brings Comcast Ventures further in-house
The unit, which oversees a portfolio including NextDoor, Pony.ai, Bird and Hippo, will operate as part of Comcast's business development division.
Scopely scoots to $340m series E
The Advance, Take-Two Interactive and Chernin Group-backed mobile game publisher increased its valuation to $3.3bn and its total funding to approximately $900m.
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