the leading gaming & consumer apps vc
Gaming Is a $200B+ a year business
Gaming is the biggest form of entertainment and it's value is over 2x that of music and film industry combined.
We invest early into the most promising game studios, consumer apps and related B2B infrastructure & services startups from across the globe.
We live to help ambitious and passionate entrepreneurs create the next gaming unicorn companies.
PLAYABLE apps: AN $80B+ MARKET
Consumer apps (like Duolingo, Calm etc) are growing very rapidly, driving billions in new consumer spend each year. Beyond game mechanics, these apps are learning from free-to-play gaming’s mastery of user acquisition, economy design, and monetization.
From virtual currencies and rewards to data-driven segmentation and LTV prediction, gaming has become the operating system of interactive engagement — now also powering a new generation of “playable apps”.
B2B, AI & INFRASTRUCTURE
New frontiers in adtech, payments infrastructure, and AI are transforming how games and playable apps attract, retain, and monetize users.
Hyper-personalization, continuous optimization, and frictionless transactions are driving efficiency, margin expansion, and scalable growth — empowering founders to build products with unprecedented speed and impact.
Play is proud backer of Appcharge, Scenario, PVX and many more who are powering the mobile ecosystem with payments, AI, performance marketing and more.
The Play Principles
We Invest Early
Founded by successful gaming entrepreneurs, we identify winning teams and invest in them even before they have products.
We Support Founders
We provide tailored support through our unique network, from recruitment, to design, fundraising, and more.
We Love Collaboration
We encourage and facilitate sharing amongst our portfolio founders, and co-invest with the best VCs from across the globe.
PLAY VENTURES ANNOUNCES FUND I PERFORMANCE: 1.5x RETURNED IN LESS THAN 4 YEARS
Play Ventures is proud to announce industry-leading returns out of our debut Fund I. In less than 4 years, we returned 1.5x to investors in distributed capital (DPI). With 20 companies remaining in the portfolio and 6 years to go in the fund lifetime, that figure is set to further increase significantly.
SOCIAL FIRST RAISES $2.5M PRE-SEED FOR SOCIAL MULTIPLAYER GAMING VISION
Congratulations to founders Kim Soares and Mikko Kähärä, and their veteran team with experience from Ubisoft, Kukouri, and Paradox Interactive! We're very happy to have led their $2.5M Pre-Seed round, and together with Joakim Achrén, look forward to them bringing their vision of social-first, multiplayer games that can be enjoyed for decades, to life.
Reworks Acquired by Playtika For Up To $600M
We are incredibly delighted to announce the acquisition of Reworks, to Playtika for $400M and a $200M earn-out. We are proud to have backed the company from the very first pre-seed round to subsequent rounds, and to have played a small role in helping with game design, recruitment, fundraising and more, along the way. Congrats to CEO Ilkka Teppo and his awesome team for this achievement, all in less than 3 years!
Mod.io Raises $26M Series A Led by Tencent
Huge congrats to the mod.io team for raising a $26M Series A for their platform that powers mods for 80 games on 11 platforms. 2021 saw over 1M mods created and downloaded 177M times!
Play Ventures WINS Investor of The Year AWARD FOR SECOND time IN A ROW
We're proud to win again the prestigious Pocket Gamer Mobile Games Award for Investor of the Year! A massive thank you to the 50+ companies who have chosen to take us along their entrepreneurship adventure, our investors, partners, families, Pocket Gamer, and Steel Media.
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Play Ventures' US$135M Fund II To Power Future Unicorns of Gaming
We are excited to announce the closing of Play Ventures Fund II, a $135M fund that we will invest in the world’s best game makers and entrepreneurs. This is a milestone for us, and brings our total assets under management to $175M across both our funds.
MOBILE PREMIER LEAGUE raises $95M From composite capital, play ventures, and more
The Series D funding was led by Composite Capital and Moore Strategic Ventures. Play Ventures also participated in the round, which values MPL at $945 million.
MAINFRAME INDUSTRIES RAISES $8.3M FOR CLOUD-NATIVE GAMES FROM ANDREESSEN HOROWITZ, RIOT GAMES, PLAY VENTURES, AND MORE
The Finnish-Icelandic gaming studio founded by former CCP, Remedy Entertainment, and Next Games veterans, is developing an unannounced, cloud-native, massively multiplayer online game.
Bigger Games CLOSES $6M ROUND LED BY Index Ventures
Istanbul's Bigger Games has raised a $6M round led by Index Ventures, who have backed the likes of Roblox, King, and Supercell. Play Ventures led the pre-seed round and participated in the new round.
