Thursday, November 4, 2021

US-based game publisher Devolver Digital raises around $261M in a London IPO, at a valuation of about $950M (James Batchelor/GamesIndustry.biz)

James Batchelor / GamesIndustry.biz:
US-based game publisher Devolver Digital raises around $261M in a London IPO, at a valuation of about $950M  —  Fall Guys publisher is biggest US firm to trade on AIM, Sony Interactive Entertainment makes 5% investment in Devolver  —  Devolver Digital has begun trading on AIM …



Nintendo says it doesn't see "component shortages recovering" at the moment as it cuts Switch sales target from 25.5M to 24M for FY 2021 (Takashi Mochizuki/Bloomberg)

Takashi Mochizuki / Bloomberg:
Nintendo says it doesn't see “component shortages recovering” at the moment as it cuts Switch sales target from 25.5M to 24M for FY 2021  —  - Company upgrades operating profit outlook citing FX rates  — Sustaining sales momentum will depend heavily on OLED model



Cloudbeds, which makes management software for the hospitality industry, raises a $150M Series D led by SoftBank Vision Fund 2, bringing total funding to $253M (Christine Hall/TechCrunch)

Christine Hall / TechCrunch:
Cloudbeds, which makes management software for the hospitality industry, raises a $150M Series D led by SoftBank Vision Fund 2, bringing total funding to $253M  —  As U.S. hotel occupancy hit pre-pandemic levels this summer, the hospitality industry is bracing for what is expected to be a rush of activity as people resume travel.



Eternals Review: Marvel's New Ensemble Crushes Oscar-Winning Director

Eternals movie review: Oscar winner ChloƩ Zhao delivers a big and beautiful film, but the weight of Marvel's immortal ensemble is too much for her. Eternals release date is November 5 in India.... https://ift.tt/3BOvP4K

Sources say Masayoshi Son's profit-sharing plan for Vision Fund employees is contributing to a stream of defections, because it is based primarily on seniority (Bloomberg)

Bloomberg:
Sources say Masayoshi Son's profit-sharing plan for Vision Fund employees is contributing to a stream of defections, because it is based primarily on seniority  —  Ever since billionaire investor Masayoshi Son set up the giant Vision Fund in 2017 to provide backing for technology startups …



PitchBook: female-founded startups raised a record $40.4B across 2,661 VC deals in the first three quarters of 2021, with the value of exits reaching $59B (Biz Carson/Protocol)

Biz Carson / Protocol:
PitchBook: female-founded startups raised a record $40.4B across 2,661 VC deals in the first three quarters of 2021, with the value of exits reaching $59B  —  The pandemic took a toll on female founders in 2020: Funding to their companies fell 3% even in a bullish startup climate that saw overall venture funding rise by 16%.



Y Combinator appears to have dropped Delve, removing the company's profile from its startup directory, following allegations of fake compliance certificates (The Economic Times)

The Economic Times : Y Combinator appears to have dropped Delve, removing the company's profile from its startup directory, following...