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SG-based gaming-focused Play Ventures raises $135m for second fund
Photo: Seam Do/Unsplash
April 7, 2021
Singapore’s gaming-focused venture capital firm Play Ventures has raised $135 million for its second fund to invest in global game makers and entrepreneurs, according to an announcement.
With this, Play Ventures has $175 million in total assets under management across both funds. Its debut fund closed in 2019 at $40 million.
Play Ventures’s debut fund was backed by several gaming industry heavyweights including Rovio, the maker of Angry Birds; Modern Times Group, an international esports and gaming entertainment company; and Anton Gauffin, CEO of social gaming giant Huuuge Games. Other LPs include VCs and family offices from Asia, the US and Europe.