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Second Dinner Secures $100M Series B Investment Led by Griffin Gaming Partners

Second Dinner Secures $100M Series B Investment Led by Griffin Gaming Partners

January 8, 2024 Craig Etkin

January 08, 2024 01:25 PM Eastern Standard Time

LOS ANGELES–(BUSINESS WIRE)–Second Dinner, the award-winning game development studio behind the hit game MARVEL SNAP, today announced a $100M Series B investment led by industry titan Griffin Gaming Partners. This investment is Second Dinner’s latest step in its endless pursuit of making the world’s MOST FUN games.

“This investment not only boosts our capacity and gives us capital to jump on any great opportunities that might come our way, but most importantly, solidifies our commitment to making the MOST FUN games EVER!… It also buys a lot of boba. So that’s a plus.”Post this

Having already left an indelible mark in the gaming industry with the globally acclaimed MARVEL SNAP, which boasts 22M+ downloads and $200M+ in revenue since its launch in 2022, Second Dinner shows no signs of slowing down. “We’re humbled by the support players around the world continue to show MARVEL SNAP, and we are RIDICULOUSLY EXCITED to continue making it even better for YEARS to come,” shares Ben Brode, Co-Founder, and Chief Development Officer at Second Dinner. “Most of Second Dinner is focused on MARVEL SNAP but we’ve also got a couple other things cookin’! And they’re super super fun. I put two ‘super’s because it’s possible they are too fun. Oh and we’re hiring! Check the website!”

Matt Wyble, Second Dinner’s Chief Operating Officer, adds, “We’re grateful to have Griffin Gaming Partners on our team! From our first conversation, it was clear they LOVE SNAP and respect our need to be free to make the best games we can. This investment will help us make more awesome stuff! We’ll use it to develop and commercialize new titles, incubate original IP, write better press releases, and ensure that MARVEL SNAP continues to grow globally.”

Moreover, following its recent launch on Steam in August 2023, MARVEL SNAP’s gaming experience is now fully cross-platform, marking a significant milestone in the studio’s journey.

“Second Dinner has assembled one of the strongest creative teams that we have ever come across,” stated Nick Tuosto, Co-founder and Managing Director of Griffin Gaming Partners. “MARVEL SNAP adds to the management team’s incredible track record of creating hit titles, who previously led the creation of Hearthstone. We are thrilled to partner with Second Dinner to grow MARVEL SNAP and look forward to new titles developed by this RIDICULOUSLY talented team.”

Following the round, Second Dinner will continue to operate independently, with Griffin Gaming Partners and their original investor NetEase, as minority investors.

Hamilton Chu, Co-Founder and Chief Executive Officer at Second Dinner, adds, “This investment not only boosts our capacity and gives us capital to jump on any great opportunities that might come our way, but most importantly, solidifies our commitment to making the MOST FUN games EVER!… It also buys a lot of boba. So that’s a plus.”

About Second Dinner

Second Dinner is an award-winning independent game development studio founded in 2018 by veteran game developers and pioneers in the collectible card game genre and includes several members of the team that created Hearthstone. Its debut title, MARVEL SNAP, has earned 18 Awards, including Mobile Game of the Year from both The Game Awards and DICE, Best Strategy Game from IGN, and the prestigious Apple Design Award for Innovation. Second Dinner believes that creating a great games company leads to making great games. And our dream is to make the most fun games in the world. Not super fun games. We mean the MOST fun games! www.seconddinner.com

About Griffin Gaming Partners

Griffin Gaming Partners is one of the world’s largest venture capital firms focused on the global gaming market with over $1B in assets under management. The firm was founded by Peter Levin, Phil Sanderson, and Nick Tuosto, with LionTree as a strategic partner to the Fund. Griffin invests in seed through growth stages across software infrastructure, content, and platforms in gaming. For more information visit: www.griffingp.com.

About Marvel Entertainment

Marvel Entertainment, LLC, a wholly-owned subsidiary of The Walt Disney Company, is one of the world’s most prominent character-based entertainment companies, built on a proven library of more than 8,000 characters featured in a variety of media for over eighty years. Marvel utilizes its character franchises in entertainment, licensing, publishing, games, and digital media.

For more information visit marvel.com. © 2024 MARVEL

Contacts

Lexi Monaghan
lexi@griffingp.com
925-915-0640

(c)2023 Business Wire, Inc., All rights reserved.


Venture Capital
Business Wire, California, Los Angeles, Second Dinner, Venture Capital

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TAE Technologies, the leading fusion energy company developing the cleanest and safest approach to commercial fusion power, today announced that it has raised more than $150 million in its latest funding round, exceeding the company’s initial target for the round. Chevron, Google and NEA participated in the round, among other new and existing investors. TAE has the option to raise additional capital as part of this funding round. With more than $1.3 billion in equity capital raised since inception, this latest fundraise further validates TAE’s distinctive approach to commercial fusion.

In a statement Michl Binderbauer, CEO of TAE Technologies, said: “Fusion has the potential to transform the energy landscape, providing near-limitless clean power at a time when the world’s energy needs are growing exponentially due to the growth of AI and data centers. TAE’s technology uses the soundest physics to deliver superior performance in a compact machine, with attractive economics and best-in-class maintainability. We are leading the charge to develop revolutionary fusion technology for full-scale commercial deployment.”

TAE was founded in 1998 to develop commercial fusion power with the cleanest environmental profile. The company has established itself as a leader in an industry that has the potential to transform the energy economy. Since 2014, TAE and Google Research have worked together to accelerate fusion science using cutting-edge machine learning. Google engineers worked onsite at TAE facilities to co-develop advanced plasma reconstruction algorithms, leading to significantly improved plasma lifetime and performance. Fusion is nature’s preferred source of energy. It is the same process that powers the sun and stars, and it is what makes life viable on Earth. When lighter elements fuse under immense heat and pressure, they form new elements and release a tremendous amount of energy. This process is safer than conventional nuclear power because fusion can be stopped at any time – eliminating the risk of a power plant meltdown. TAE remains singularly committed to advancing the frontiers of science and innovation to benefit humanity. With a steadfast resolve to redefine the energy landscape, TAE Technologies is at the forefront of the fusion revolution, poised to usher in a new era of sustainable and limitless power generation for a better tomorrow.
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Joby Aviation, a company developing electric air taxis for commercial passenger service, announced the successful closing of the first $250 million tranche of a previously announced strategic investment from Toyota Motor Corporation. The funding marks a significant milestone in strengthening the long-term collaboration between the two companies and supports their shared vision for the future of air mobility. The investment is aimed at supporting certification and commercial production of Joby’s electric air taxi. This underscores the mutual commitment to deepening integration and delivering next generation travel to global markets. This investment also puts the two companies a step closer toward a strategic manufacturing alliance.

In a statement JoeBen Bevirt, founder and CEO of Joby said, “We’re already seeing the benefit of working with Toyota in streamlining manufacturing processes and optimizing design.” “This is an important next step in our alliance with Toyota to scale the promise of electric flight. With this capital and Toyota’s legendary production expertise, we’re enhancing our ability to scale cutting-edge design and manufacturing to meet the demands of our partners and customers.”

Joby Aviation is a California-based transportation company developing an all-electric, vertical take-off and landing air taxi which it intends to operate as part of a fast, quiet, and convenient service in cities around the world. Powered by six electric motors, their aircraft takes off and lands vertically, giving it the flexibility to serve almost any community. Flying with Joby might feel more like getting into an SUV than boarding a plane. The company's aerial ridesharing service will combine the ease of conventional ridesharing with the power of flight. A green alternative to driving that's bookable at the touch of an app. With more than 30,000 miles flown on full-scale prototype aircraft, their aircraft is designed to meet the uncompromising safety standards set by the FAA and other global aviation regulators. Joby Aviation is now engaged in a multi-year testing program with the FAA to certify their vehicle for commercial operations, and have completed the first three of five stages.
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Infinite Reality, an innovation company powering the next generation of immersive media, AI, and ecommerce, today announced a landmark real estate partnership with renowned real estate investment, development and management firm Sterling Bay to co-develop a 60-acre site in Fort Lauderdale into a next-generation technology and entertainment campus. This ambitious redevelopment—expected to open in 2026—will serve as Infinite Reality’s new global headquarters and is the cornerstone of iR’s long-term real estate strategy, which begins with this flagship project in South Florida. The public-private project marks one of the largest creative economy investments in the area to date, aiming to generate more than 1,000 new jobs with an average salary of six figures and deliver long-term economic growth to the region. Located at 1400 NW 31st Avenue on the site of a remediated former Superfund property, the development features over 100,000 square feet of Class A office space for media, tech, and enterprise clients. Construction is expected to begin in early 2026, pending completion of permitting and design phases.

In a statement John Acunto, co-founder and CEO of Infinite Reality said, “This isn’t just a headquarters—it’s the heart of Infinite Reality’s future. As a proud South Florida resident, this project is deeply personal to me.” “It’s about transforming a community I love into a global hub for immersive technology and creativity. We’re building opportunity, fueling innovation, and laying the foundation for a lasting legacy. Partnering with a world-class development firm like Sterling Bay ensures that this vision is realized at the highest level—and that Fort Lauderdale becomes a defining force in the future of the digital economy.”

In addition to serving as a corporate campus, the site will include flexible spaces for retail, production, digital broadcasting, and entertainment ventures. The development also includes educational initiatives in partnership with local institutions to train and hire future talent in STEM, immersive tech, and creative production. Infinite Reality is an innovation company powering the next generation of digital media and ecommerce through spatial computing, artificial intelligence, and other immersive technologies. Infinite Reality’s suite of cutting-edge software, production, marketing services, and other capabilities empower brands and creators to craft inventive digital experiences that uplevel audience engagement, data ownership, monetization, and brand health metrics.
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