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Gaming girl

Drake Star Q3 2022 Global Gaming Industry Report

Drake Star has published the Q3 2022 edition of its Global Gaming Industry Report providing key insights into the gaming deal activities for the first nine months of the year.

So far, the year had a record $123B+ in total deal value for almost 1000 announced and/or closed deals. The report also analyzes the key trends in the third quarter of the year.

“2022 has been a mixed year for gaming,” said Michael Metzger, Partner at Drake Star. “We saw some of the largest M&A deals ever at the start of the year and then experienced a notable slow-down in Q2’22 due to global macroeconomic challenges.

With an increase in M&A and Financings volume in Q3, we anticipate healthy deal activity and possibly even some mega deals for the rest of the year and beyond.”

Key stats for the first 9 months of the year:

$102B in announced and/or closed M&A activity across mobile, PC / console, and esports, including the largest-ever gaming acquisition of Activision by Microsoft. Embracer remained the most active consolidator in the industry. PC / console and mobile went head-to-head with 68 and 64 transactions, respectively.


$9.6B has been raised through 685 financing rounds for private companies, including 15 large $100M+ raises. The most active VCs included Bitkraft, a16z, Galaxy Interactive, and Griffin Gaming.


More than $3.4B was raised by blockchain / NFT gaming companies with almost half of the total amount raised by early-stage companies.
The Q3 report analyzes the first nine months of 2022 in terms of deal activity and volume across market segments (M&A, private placements, public markets), M&A activity by volume and multiples, public market performance and valuations, and discusses the most active gaming buyers and venture capital (VC) investors.

The report further focuses on the market activities for Q3 2022 by breaking out the most significant deals across M&A, private financings, and public market updates. As the broader markets witnessed a slowdown, gaming was also impacted but M&A and financing activities remained largely stable.

Q3 saw a significant increase in M&A volume to 81 announced deals, up from 70 deals in Q2’22. Unity’s announced $4.4B acquisition of ironSource was the largest deal in the quarter.

While the majority of the deal values were undisclosed, many of the top buyers were active including Embracer with 8 deals (Middle-Earth Enterprises, Tripwire, etc.), NetEase (Quantic Dream), Sony (Savage Games, Repeat.gg), Zynga (Storemaven), and Scopely (Stumble Guys).
Private financings also increased in Q3 to 216 deals, up from 169 financings last quarter. A total of $2.3B was raised, including large financings for FromSoftware ($260M from Tencent and Sony), Loot Mogul ($200M), Limit Break ($200M), and Animoca ($185M).


While the Crypto market continued to be under pressure, investors continued to show strong interest in blockchain gaming companies. Half of the total amount raised and 40% of all financing rounds for private gaming companies were investments in blockchain gaming.


In public markets, Faze Clan ($750M valuation) went public through a SPAC, while Valofe ($3.5B valuation) and Asia Innovations Group ($2.5B valuation) announced new SPAC deals. Technicolor Creative Studios spun off to focus on VFX and games, now listed on the Paris stock exchange at $1B valuation.


Download the full report from Drake Star

Trond Riiber Knudsen

Angel Investor – What a Market Downturn Means for Startups – Issue #68

Hi, and I hope you’re doing well!

Here are some news articles and tweets I have been reading the last week. I hope you find some relevant stories! If not, send me your links and ideas and learn more about our community here.

Stay in the loop and get daily Angel Investor News at @entrahouse and if you missed out on the last edition, you find it here.


What a Market Downturn Means for Startups
What a Market Downturn Means for Startupswww.alleywatch.com
About once a decade, the U.S. Financial Markets implode. It happened during the “Dot Com Bust” of 2001, again in the financial meltdown of 2007, and is now upon us in a Post-COVID recovery.

Demo Day - Techstars Sportstech Melbourne 2022
Demo Day – Techstars Sportstech Melbourne 2022www.stready.com

As you will see from the pitch presentations, there are some talented teams with potential. I am seriously proud that the Norwegian startups Stready have come to this level and will share their story next week.

Unstoppable pioneers of Web 3: 16 women spearheading the change
Unstoppable pioneers of Web 3: 16 women spearheading the changee27.co
While men still dominate in the nascent metaverse, women creators in Web3 are now leading the path and rising to the top

Deal of the week; Canor

Candor Raises $5M To Build The Next Generation, Authentic Professional Social Network
Candor Raises $5M To Build The Next Generation, Authentic Professional Social Networkwww.forbes.com
Job candidates don’t know exactly what they are getting themselves into when joining a specific team at a company they are new to. Candor is a professional network that encourages people to share how they work.

Launch Africa, the VC firm that has backed over 100 startups, closes first fund at $36.3M
Launch Africa, the VC firm that has backed over 100 startups, closes first fund at $36.3Mfinance.yahoo.com
Pan-African venture capital fund Launch Africa Ventures today is announcing the close of its $36.3 million fund, which it has primarily used to invest in B2B and B2B2C startups across Africa. In an interview with TechCrunch, managing partner Zachariah George said Launch Africa has backed 108 startups across 21 African countries.

Netflix co-founder Marc Randolph, on lessons from the streamer's origin story
Netflix co-founder Marc Randolph, on lessons from the streamer’s origin storybgr.com
An interview with Netflix co-founder Marc Randolph, about the early days of the company that would kick-start the streaming TV revolution.

This week’s tweets



Milestone: BEMS Launch Event

On Track To Become A World-Leading Provider Of Safety And Security Solutions. New Smart Technology That Can Save Lives.

We had a fantastic launch event for BEMS (bSafe Emergency Management Software AS) with talks from Trond Riiber Knudsen, Johann Olav Koss, Eva Helen Rognskog, Ken Roar Riis, Steve Cottingham and Tor Rune Raabye.

Go to https://www.startupbooster.bergmoe.com/bsafe for more information and download the presentation here.

As a curator, there is nothing more helpful than feedback on what you think should be the focus of this newsletter. If you want to be a more active contributor, have an interesting startup, some great ideas for collaboration you want to share etc… Let’s have a chat.

Book a meeting at https://calendly.com/bergmoe/15min

I promise your voice is important and suggestions regularly incorporated into the digest. Please send me your ideas, exciting news, deals, tools and connect on LinkedIn and follow my blog at bergmoe.com and @berg_moe 🙂

Angel Investor – Estonian VC Superangel announces new €50m fund – Issue #67

Hi, and I hope you’re doing well!

Here are some news articles and tweets I have been reading the last week. I hope you find some relevant stories! If not, send me your links and ideas and learn more about our community here.

Stay in the loop and get daily Angel Investor News at @entrahouse and if you missed out on the last edition, you find it here.


Estonian VC Superangel announces new €50m fund
Estonian VC Superangel announces new €50m fundsifted.eu
The new fund will be used to invest primarily in deep tech startups from across the Baltics and Nordics, with around 10 investments a year.

He’s 16, and already a 2x entrepreneur working to democratise startup investing
He’s 16, and already a 2x entrepreneur working to democratise startup investingyourstory.com
Krishna Maggo’s fundraising platform, Sateeq, enables anyone keen on riding the startup wave to be angel investors with investments as small as Rs 5,000

Ritesh Malik On Horizon Setting, Backing Founders Till They Fail And Tackling FOMO In Angel Investing
Ritesh Malik On Horizon Setting, Backing Founders Till They Fail And Tackling FOMO In Angel Investinginc42.com
From setting a decade-long horizon to investing small in many startups, Ritesh Malik breaks down his tenets for angel investments

Deal of the week; Okapi:Orbits

Raises $5.7 million in seed funding round
Raises $5.7 million in seed funding roundspacenews.com

Germany startup Okapi:Orbits raised 5.5 million euros ($5.7 million) in a seed funding round led by Munich Re Ventures with participation from Dolby Family Ventures, Herius Capital and APEX Ventures.

Why Early-Stage Venture Capital Makes Sense Right Now
Why Early-Stage Venture Capital Makes Sense Right Nowwww.techstars.com
Investing in startups is all about valuations. Everyone is looking for the next unicorn, disrupter, to whoever is “building a better mousetrap,” and many investors are on the hunt to find these companies at their earliest stages. The later you invest, the more you’re going to end up paying for less of the company.

Is angel investing the right opportunity for you?
Is angel investing the right opportunity for you?www.siliconrepublic.com
Oliver Woolley draws parallels between those willing to forge a new path since the pandemic and an uptick in interest in angel investing.

This week’s tweets



As a curator, there is nothing more helpful than feedback on what you think should be the focus of this newsletter. If you want to be a more active contributor, have an interesting startup, some great ideas for collaboration you want to share etc… Let’s have a chat.

Book a meeting at https://calendly.com/bergmoe/15min

I promise your voice is important and suggestions regularly incorporated into the digest. Please send me your ideas, exciting news, deals, tools and connect on LinkedIn and follow my blog at bergmoe.com and @berg_moe 🙂

Angel Investor – Let’s Do This scores over €56 million with support from Serena Williams and Usain Bolt – Issue #66

Hi, and I hope you’re doing well!

Here are some news articles and tweets I have been reading the last week. I hope you find some relevant stories! If not, send me your links and ideas and learn more about our community here.

Stay in the loop and get daily Angel Investor News at @entrahouse and if you missed out on the last edition, you find it here.


UK-based sports platform Let’s Do This scores over €56 million with support from Serena Williams and Usain Bolt
UK-based sports platform Let’s Do This scores over €56 million with support from Serena Williams and Usain Boltwww.eu-startups.com
Technology has an increasingly important role in sports. With tech, athletes can train better, smarter and harder. It means athletes – amateurs and pros

The race toward a new computing technology is heating up — and Asia is jumping on the trend
The race toward a new computing technology is heating up — and Asia is jumping on the trendwww.cnbc.com
Quantum computing will speed up the computational power that drives many industries and could impact everything from drug discovery to how data is secured.

Marquee Equity Uses AI To Connect Startups With Investors
Marquee Equity Uses AI To Connect Startups With Investorstechstory.in
Marquee Equity – a bootstrapped Saas platform, that is disrupting the way companies raise funds, globally. Founded in 2016 by their current CEO, Ash Narain, and CTO, Raj Kabir, the Delhi-based fundraising platform aims to make it easier for early-stage companies to connect with quality investors and raise capital.

Deal of the week; Talus Bioscience

Inspired by scientist CEOs, Seattle startup lands $9.75M to build up drug discovery platform
Inspired by scientist CEOs, Seattle startup lands $9.75M to build up drug discovery platformwww.geekwire.com

Talus’ platform enables the discovery of compounds that affect transcription factors, key proteins that interact with DNA and turn genes on and off. Many transcription factors are implicated in cancer, which results from aberrant gene activity, and other diseases.

Pi Labs: VC firm's proptech startup cohort raises £15m
Pi Labs: VC firm’s proptech startup cohort raises £15mwww.uktech.news
Nine early-stage proptech startups are on course to secure £15m) in funding after completing Pi Labs’ accelerator programme.

8 Entrepreneurship Rules For Great Companies According to LinkedIn’s Founder
8 Entrepreneurship Rules For Great Companies According to LinkedIn’s Founderceoworld.biz
Reid Hoffman has certainly a thing or two to say about tech entrepreneurship and successful investment: Co-Founder of LinkedIn, partner at Greylock Partners, founding member of PayPal, and angel investor in Facebook, Zynga, Flickr, and Last.FM.

Microlending Definition
Microlending Definitionwww.investopedia.com
Microlending is the practice of granting small loans to people or businesses that might otherwise not qualify for such loans.

This week’s tweets



As a curator, there is nothing more helpful than feedback on what you think should be the focus of this newsletter. If you want to be a more active contributor, have an interesting startup, some great ideas for collaboration you want to share etc… Let’s have a chat.

Book a meeting at https://calendly.com/bergmoe/15min

I promise your voice is important and suggestions regularly incorporated into the digest. Please send me your ideas, exciting news, deals, tools and connect on LinkedIn and follow my blog at bergmoe.com and @berg_moe 🙂

Checkstep Closes $5M

Checkstep is a UK-based startup that provides AI products for contextual content moderation on social media platforms.

This round follows a pre-seed round of $1.8 million raised less than one year ago. Dawn Capital and Form Ventures co-led the round with participation from founders GoCardLess and Indeed.

The company plans to use the funds to develop its technology and to expand its marketing and sales efforts.

Guillaume Bouchard, CEO, and Jonathan Manfield (CTO) founded Checkstep in May 2020. It offers an Artificial Intelligence-powered solution for context moderation on social media and enterprise platforms.

Checkstep is currently developing machine learning models that are state-of the-art and integrating third-party solutions for clients. Checkstep empowers human moderators with the tools and intelligence to combat harmful content.

They found the company to combat misinformation propagation at the heights of the COVID pandemic. Since then, it has expanded its focus to address other customer needs. It now covers a wider range of harms like hate speech, Child Sexual Abuse Material, bullying, and spam. It recently developed the features to include copyright management capabilities, as creative platforms are becoming more responsible.

Source; FinSMEs

CEE VC Summit gathered VC Fund Managers from all around Europe

Warsaw was the European spot on Venture Capital Map for VC fund managers in the CEE region and Western economies. CEE VC Summit is an event organized by Vestbee. This leading matchmaking platform connecting startups with corporates, global VC funds, accelerators, and corporations in the region, is the only one of its kind. It focuses on strengthening cross-border relationships among funds. Also, it discusses the challenges facing the venture capital industry as well as the assessment of the CEE startup ecosystem.

The conference was attended by managers from leading funds who tried to answer questions about how to prepare for the upcoming crises and how to strengthen Central and Eastern Europe’s multi-dimensional position on the global VC map. This included quality of funds, startups and the attractiveness of Venture Capital as an investment class for institutional investors.

Representatives from leading VC funds were present at the conference, including Multiple Capital; 500 Istanbul; Next Road Ventures and Point Nine Capital; Credo Ventures; Speedinvest, EBRD Ventures Capita; Credo Ventures. 3VC, Market One Capital. Burda Principal Investments. OTB Ventures. Revo Capital. South Central Ventures. Movens Capital. Sunfish Partners. Tera Ventures. Flashpoint. Day One Capital. All Iron Ventures. Finch Capital.

Without Vestbee’s long-term Partners and Sponsors, the conference would not have been possible. We give a huge applause next Road Ventures, EIT InnoEnergy and Amazon Web Services.

Vestbee organized this event, which is not the first but definitely not the last, that focuses on the exchange and sharing of experiences during panel discussions and networking within the investment community

What is the actual story with creators in 2022?

ConvertKit’s State of the Creator Economy landing page provides quick insights

Have you ever wondered which 5 types of content professional creators are most focused on? Is it possible to make more money as a creator? What are the most common working habits among creators?

All those questions can be answered by the State of the Creator Economy Report 2022.

ConvertKit, a creator marketing platform, has provided some interesting stats about the mindset, habits and challenges facing the creator economy in 2022. This report was created by 2,704 creators who shared their experiences. These creators have combined over 11,000 years worth of audience-building experience and will earn $66 million in 2021.

They have shown that the creator economy can grow and is large.

This industry is very dear to me, so I am excited to share it with you. I hope you find it as interesting and educational as I do.

ConvertKit’s State of the Creator Economy landing page provides quick insights. You can then download the full PDF report to see the details of what’s happening in creators in 2022.

Share and download

Enjoy reading!

WEBINAR “UKRAINIAN IT INDUSTRY DURING THE WAR”

The war in Ukraine has had devastating effects on the local economy and the global supply chains, many businesses have suspended their activities for safety reasons. Meanwhile, the IT industry keeps working, attracting regular foreign exchange earnings to the state budget, and minimizing the impact of the war.

Despite some IT professionals going through the process of relocation within or beyond the Ukrainian borders, they are still determinedly carrying on with their operations and service delivery. 

On May 24, 2022, at 10:00 (Oslo time) | 11:00 (Kyiv time) a webinar “Ukrainian IT Industry During the War” will be held.

At the event, Ukrainian IT companies – members of the Alliance will share the insights on how they are running their businesses under the circumstances of war and how crucial international support, contracting and launching new projects with Ukrainian developers is for bolstering the Ukrainian economy. 

Participation is free of charge, prior registration is required. Participants are encouraged to prepare their questions in advance and submit them via the registration form. The webinar will be held in English, no simultaneous translation will be provided.

Registration: https://forms.office.com/r/idrYY8Zgdm

Deadline for the registration: May 23, 2022

Agenda: 

10:00 –  Welcoming remarks 

10:05 – 10:15 Introduction to the IT industry during the war – Konstantin Vasyuk, Executive Director, IT Ukraine Association

10:15 – 10:20 IT Export Alliance introduction (TBC) 

10:20 – 10:30 Experience of cooperation with Ukrainian IT companies from a Norwegian perspective (TBC) 

10:30 – 11:00 Discussion panel

11:00 – 11.10 Q&A session 

11:15 Closing remarks – representative of USAID Competitive Economy Program in Ukraine (USAID CEP) 

Organizers of the event: IT Ukraine Association, CIVITTA Ukraine, State Institution ”Entrepreneurship and Export Promotion Office”, Norwegian-Ukrainian Chamber of Commerce with the support of the USAID Competitive Economy Program in Ukraine (USAID CEP) and Gründerklubben – The Norwegian Entrepreneurs Club.

*** Norwegian companies will have the opportunity to review the catalog of the IT Export Alliance members and appoint B2B meetings with them; this can be done both with individual Ukrainian companies and with a specific group of companies, formed within the IT Export Alliance.  Catalog of the Ukrainian IT companies and groups of companies – members of Ukrainian Export IT Alliance: https://goo.su/8z48 

Contact our Norwegian partner at https://coinno.no/kontakt-oss/ or directly on (+47) 988 88 033, stefan@coinno.no if your company, or anybody you know is a likely customer for the Ukrainian IT sector in the next 12 months. Together with the Ukrainian organizations there is a funded time limited project to provide help with finding the three best matching service providers.

Angel Investor – Bsafe – the top of the best security solutions in the world? – Issue #65

Hi, and I hope you’re doing well!

Here are some news articles and tweets I have been reading the last week. I hope you find some relevant stories! If not, send me your links and ideas and learn more about our community her.

Stay in the loop and get daily Angel Investor News at @entrahouse and if you missed out on the last edition, you find it here.

Disclaimer; My company, Berg Moe Media, is actively involved in Bsafe as advisers and personally I was a member of the funder team in New York four years ago.

Enjoy!


Bsafe - the top of the best security solutions in the world?
Bsafe – the top of the best security solutions in the world?bergmoe.com
We develop safety emergency security solutions that are now being prepared for integration in other companies’ platforms and ecosystems.

Techstars Launches ARM Labs Techstars Accelerator in Lagos
Techstars Launches ARM Labs Techstars Accelerator in Lagoswww.techstars.com
New Techstars accelerator in Lagos to provide 12 startups with funding, hands-on mentorship, and access to the Techstars worldwide network on an annual basis

How Investors Evaluate Startups For Investments
How Investors Evaluate Startups For Investmentsinc42.com
A lot has been said about what makes an investor acquire startup stocks but do you ever wonder how they scrutinise investment opportunities?

Deals of the Week 25 April to 29 April – a Growth Business round-up
Deals of the Week 25 April to 29 April – a Growth Business round-upwww.growthbusiness.co.uk
Deals this week include a fish-selling platform, an employee benefits app and a cancer care device that monitors risk to sepsis

Deal of the week; Logik.io

Open joins unicorn club; BarRaiser, Twixor, Frendy and others raise capital
Open joins unicorn club; BarRaiser, Twixor, Frendy and others raise capitalyourstory.com
YourStory presents daily funding roundup from the Indian startup ecosystem and beyond. Here’s the roundup for Monday, May 2, 2022.

Former NBA star launches $50m Israel VC fund - Globes
Former NBA star launches $50m Israel VC fund – Globesen.globes.co.il
Omri Casspi has launched the Sheva venture capital fund together with David Citron to invest in early stage startups.

New Zealand gets its first crypto, web3-focused VC fund – TechCrunch
New Zealand gets its first crypto, web3-focused VC fund – TechCrunchtechcrunch.com
New Zealand-based VC Global from Day 1 (GD1) launches $5 million web3/crypto fund, the country’s first dedicated fund in the crypto, blockchain and web3 space.

Crypto Is the Most Uncool Thing You Could Possibly Rap About
Crypto Is the Most Uncool Thing You Could Possibly Rap Aboutpitchfork.com
Plus more highs and lows from the world of rap this week, including a collection of underrated producer SenseiATL’s best beats and an outré new tape by GAWD that will make you feel like you’re being brainwashed.

This week’s tweets



As a curator, there is nothing more helpful than feedback on what you think should be the focus of this newsletter. If you want to be a more active contributor, have an interesting startup, some great ideas for collaboration you want to share etc… Let’s have a chat.

Book a meeting at https://calendly.com/bergmoe/15min

I promise your voice is important and suggestions regularly incorporated into the digest. Please send me your ideas, exciting news, deals, tools and connect on LinkedIn and follow my blog at bergmoe.com and @berg_moe 🙂

Bsafe – the top of the best security solutions in the world?

Four years ago, I was part of the startup team that developed a strategy that has now resulted in Bsafe being ranked at the top of the best security solutions in the world. 

This reputation has taken many years to build through a consistent focus on product development and user experience. We develop services that are now being prepared for integration in other companies’ platforms and ecosystems.

  • Our vision is to reduce violence and sexual assaults by developing innovative and ground-breaking solutions. We want to help create a safe and sustainable environment for individuals, businesses and local communities. 
  • We have 3 missions; to prevent, handle and document threats, crime, violence and sexual assaults. Our solution will also reduce response time and improve outcome.
  • Bsafe technology makes us a sought-after partner for several of the world’s leading companies and innovators operating in the so-called “sharing economy” and “platform economy”.

Some member of our experienced team;

Ken Roar Riis, Former director in WebStep Solutions

Trond Riiber Knudsen, Investor and former Director in McKinsey

Tor Rune Raabye, Former Major General with 35 years with experience within emergencies and crises

John Christian Elden, Lawyer at the Norwegian Supreme Court

Our business shall provide both financial and sustainable growth and profits. This benefits us all; You, women and their families, local community and society.

Bsafe security solutions

Are you the right Partner or Investor?

We welcome Investors and Partners who identify with our mission to join our journey.

You can download the introductory Bsafe presentation here and learn more about our security solutions. 

Do you want to have a meeting to discuss this opportunity further? You can book a meeting with us here or find more at our landing page.   

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