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Play Ventures aims to invest $30 million in video game startups
Investments aren’t limited to just game development; Play Ventures is looking at dishing out early investments to companies working with streaming, marketing, user acquisition, and more.
December 4, 2018
1 Min Read
Newsbrief: A fledgling venture capital fund with $30 million at its disposal has been set up to invest in video games from all walks of game-related life.
That venture capital fund, Play Ventures, is looking to invest both in game development studios and in companies that create tools related to video games in a variety of ways, though the fund's leadership isn't entirely interested in esports or crypto projects just yet.
The fund, however, is focusing on newer startups and aims to get investments to promising companies in the early stages of operation.
Already, Play Ventures has invested in three companies and, according to VentureBeat, is looking to dole out six to eight investments a year, with a target sum of around $500,000 each. The fund’s leadership says it’s looking to invest in companies that are working with streaming, marketing, user acquisition, and other areas in addition to game development studios.
About the Author(s)
As the Publisher of Game Developer, Alissa McAloon brings a decade of experience in the video game industry and media. When not working in the world of B2B game journalism, Alissa enjoys spending her time in the worlds of immersive sandbox games or dabbling in the occasional TTRPG.
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