Seismic Games acquires Grue Games as it expands into AR and VR gaming

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Seismic Games has acquired Los Angeles game developer Grue Games as a way to expand into augmented reality and virtual reality games.

Virtual reality software could grow to a $14 billion market by 2020, according to market researcher SuperData Research, but the market is going to bumpy and filled with competition. Seismic is addressing that by amassing more talent.

All told, both Los Angeles-based companies will have a total of 50 employees. Grue’s CEO and former studio head of Beachhead (Activision Blizzard), John Linden, will take on the new role of president. Trey Watkins, Grue’s chief creative officer, will lead the former Grue development teams. They will work closely alongside Seismic’s cofounders Greg Borrud and Eric Gewirtz.

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THE ERA OF SPATIAL COMPUTING BEGINS TODAY

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We've reached a pivotal moment in human computer interaction. A time when software and applications will start to exit our screens and instead enter and interact with the physical world around us. Today our portfolio comany, Occipital, is launching Bridge, a Spatial Computing device that brings the long-awaited future of mobile mixed reality and positionally tracked virtual reality to developers now. 

Prolacta Bioscience Raises $35 Million in Mezzanine Financing

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CITY OF INDUSTRY, CA--(Marketwired - Dec 6, 2016) - Prolacta Bioscience®, the nation's leading provider of human milk-based neonatal nutritional products, today announced the closing of a $35 million mezzanine round of financing. The transaction was led by Essex Woodlands and included participation from Aisling Capital, with existing shareholder Health Evolution Partners. As part of the transaction, Martin Sutter, Co-Founder and Managing Director at Essex Woodlands, will join Prolacta's Board of Directors.

"Prolacta is an extraordinary company, and I'm delighted to be involved with their innovation and commitment to giving premature infants the very best opportunity to survive and thrive," said Sutter. "The entire team at Essex Woodlands is excited by the role our Fund played in anchoring the mezzanine placement. Prolacta is a robust opportunity where the commercial franchise, while already substantially profitable, is in the early stages of its growth trajectory, and the biologics program offers a true opportunity to Advance the Science of Human Milk®."

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TicketSauce Secures $2.5 Million in Series A Funding led by Frontier Venture Capital

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TicketSauce Raises $2.5 Million

TicketSauce Secures $2.5 Million in Series A Funding led by Frontier Venture Capital; Company to Showcase Products and Services at Upcoming XLIVE 2016

November 29, 2016 11:00 AM Eastern Standard Time

SAN DIEGO--(BUSINESS WIRE)--TicketSauce, a private label event management software company that focuses on growing revenue and data for media organizations, associations and event organizers, today announced that it has raised $2.5 million in Series A funding led by Draper Frontier Opp & Tech Fund. Funds secured will help drive additional sales and marketing efforts and increase distribution in the event management space.

“TicketSauce continues to aggressively grow revenue and data for our clients and our recently launched product suite provides huge potential in driving additional revenue for media companies, associations, venues, and event organizers,” said Travis Fisher, president and CEO, TicketSauce. “We are pleased that our investors recognize the value in our products and appreciate their confidence in continuing to grow our customer base worldwide.”

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BOOM! STUDIOS BEATS MARVEL AND DC IN OCTOBER 2016 COMIC BOOK SALES

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Diamond Comics has released its sales figures for October 2016. Surprisingly, neither Marvel nor DC managed to claim the best-selling comic of October. Instead, that honor went to BOOM! Studios. The Kurt Russell-heavy crossover comic Big Trouble in Little China/Escape From New York #1 beat out all challengers, selling an estimated 421,625 copies (according to estimates from Comichron).