Built in LA: Mythical Games Raises $75M Ahead of Marketplace and Game Launch

When the latest video game was released, people used to rush to a retail store in hopes of buying a copy, and play that game to their heart’s content or until they wanted to buy something new. In today’s digital world, several games are free to play at the base level, such as Fortnite, and players can buy extra content, like costumes, characters or levels. This concept, called downloadable content (DLC), gives game creators multiple chances to increase profits rather than a traditional one-time sale, but the players rarely own what they buy. Mythical Games is changing who owns these DLCs or in-game assets, and, in doing so, revolutionizing the gaming industry.

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Built in LA: Briq Raises $30M to Expand Its Fintech Platform for Construction Contractors

Home renovation costs can add up quite quickly for a number of reasons. Sometimes a new issue arises during construction that homeowners can’t afford to overlook and sometimes contractors will simply just underestimate the price of a project. Santa Barbara-based startup Briq has set out to provide contractors with tools to help them accurately predict the cost of a project and manage their workflows more efficiently.

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Built in LA: Fintech Unicorn Dave Plans to Go Public via SPAC, Value Reaches $4B

Dave, a banking app backed by Mark Cuban, announced Monday that it plans to go public via VPC Impact Acquisition Holdings. VPC is a special purpose acquisition company sponsored by Victory Park Capital. Both VPC and Dave have entered into a definitive agreement to put the fintech giant on the IPO map.

Read the full article on Built in LA.

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