Play Ventures raises $140M for third gaming fund
- Wednesday, November 20th, 2024
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Play Ventures has successfully closed its third gaming fund, raising $140 million.
According to GamesBeat, the firm will continue focusing on early-stage games companies, with this fund targeting mobile free-to-play games, gaming infrastructure, and AI-powered tools.
Since closing the fund in June 2023, Play Ventures has already made eight investments, including one in AI startup Beyond.
The fund aims to back 20 to 25 companies globally, concentrating on pre-seed to Series A funding stages. 
“Mobile gaming is one of the most dynamic arenas of our time, presenting massive, untapped potential,” Play Ventures Founding Partner Henric Suuronen, said.
“With Fund III, we’re investing in a new wave of billion-dollar games and interactive experiences, supercharged by the transformative powers of AI.”
