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Play Ventures closes $40 million in funding to back games start-ups

Play Ventures closes $40 million in funding to back games start-ups

Singapore-based early-stage games venture capital fund Play Ventures has closed its first fund at $40 million.

As reported by Tech in Asia, the figure is $10 million more than the planned $30m raise that was announced back in December 2018.

Big backers

The fund invests in pre-seed and seed-stage games start-ups around the world working on free-to-play mobile and PC projects. Backers include Rovio, Modern Times Group and Huuuge Games CEO Anton Gauffin.

Companies the fund has backed to date include Redhill Games ($11.4m), a Reworks ($1.5m) and Gamejam.


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Craig Chapple is a freelance analyst, consultant and writer with specialist knowledge of the games industry. He has previously served as Senior Editor at PocketGamer.biz, as well as holding roles at Sensor Tower, Nintendo and Develop.