popbounty.com

Sections

Connect with world renowned investors

14 - 16 April 2021

Join the event

Play Ventures raises $135m to invest in game studios

Indian startup All Star Games has already received $1.5 million from the new funding round

VC fund Play Ventures has announced it closed a $135 million funding round, which will go towards investment in game studios.

This is the second round going towards the company's Play Ventures Fund, which has so far invested in 24 game companies in ten countries, the announcement said.

Play Ventures also announced the first investment coming from the new round of funding, going towards Indian startup All Star Games. Games Beat reported last month that the studio had raised $1.5 million to develop sports games on mobile.

This new funding round brings Play Ventures' total to date to $175 million, having raised $40 million in August 2019.

The company was founded in December 2018, and received investment from the likes of Modern Times Group and Rovio.

2020 was a record year for games investment, with Play Ventures playing its part in this growth. The VC fund was among the most active investors of last year, with 14 investments.

Connect with world renowned investors

14 - 16 April 2021

Join the event

More stories

App downloads up 8.7% in first quarter

Sensor Tower finds gains on Google Play offset declines on App Store, Crash Bandicoot: On the Run starts strong

By Jeffrey Rousseau

Tim Sweeney is right - Epic losses on its Game Store are a good investment | Opinion

The company's crusade against Apple may look increasingly quixotic, but its spending on creating a serious competitor to Steam is rational and justified

By Rob Fahey

Latest comments

There are no comments on this article yet. Why not be the first to post one?

Sign in to contribute

Need an account? Register now.

popbounty.com

xxfseo.com