MENU
back to ALL NEWS

Play Ventures Raises $135m Of Funding

FUNDRAISING | ANNOUNCEMENT DATE: 06 APR 2021
WRITTEN BY | 06 Apr 2021
Play Ventures Raises $135m Of Funding
FUNDRAISING

💵 Corporate fundraising

  • Singapore-based videogame venture fund Play Ventures has announced closing a funding round of $135m
  • The proceeds will be used by the company’s second fund, Play Ventures II, to fuel new gaming industry investments
  • Play Ventures specializes in F2P mobile/PC game studios and games services investments. Since its founding, the company has backed up 24 gaming companies, 14 of them during 2020

💵 Previous rounds

  • The previous funding round (August 2019) is as big as $40m, exceeding the round target amount of $10m 4 times. It brings total amount of assets at Play Ventures’ disposal to $175m

💵 Existing portfolio

  • 2 March 2021, the company’s Fund II made a $1.5m investment towards India-based mobile games developer All-Star Games
  • 16 February, 2021 the company invested $2.5m into a Cyprus-based mobile games developer Colossi Games 
  • 4 February, 2021 there was a $95m investment to India-based esports company Mobile Premier League
  • 17 January, 2021 the fund invested $4.4m into a Finland-based mobile games developer Savage Game Studios

Source: GAMESINDUSTRY, PRESS ANNOUNCEMENT

Investment Focus of Play Ventures

Stage: Early-stage (Pre-seed and Seed rounds)

Check size: from $500k to $1m

Geography: Global

Industry: F2P mobile/PC game studios and games services startups

Play Ventures
  • Established in 2018
  • Headquarters – Singapore, Singapore
  • Founded by Henric Suuronen and Harri Manninen
  • Team of 7 employees
  • The premium early stage VC fund investing in gaming and gaming services startups around the world
Site link: Play Ventures
Share