Play Ventures describes itself as a gaming and consumer apps venture capital firm and states it invests in game studios, consumer apps, and B2B infrastructure and services startups. It states that it invests early, identifying teams and investing even before they have products, and that it backs founders from across the globe under the line 'For founders by founders'. It operates from Singapore and Helsinki through two entities, Play Ventures Pte Ltd and Play Ventures Oy, and manages five distinct vehicles: Fund I, Fund II, Fund III, the Play Future Fund and the Play Opportunity Fund.
$450M (total assets under management, November 2024, per GamesBeat reporting the Fund III close; the firm's own homepage still carries the older figure of $175M across two funds from 2021) AUM67/100 Power Score™2018 FoundedSingapore, Singapore
Play Ventures is founded and announces it will invest $30M in game startups globally; Modern Times Group announces an investment in the new fund in December 2018.
2019
Play Ventures' first fund closes oversubscribed at $40M; Rovio Entertainment Corporation announces an investment in the Play Ventures fund in March 2019.
2021
Play Ventures announces the closing of Fund II at $135M and states this brings its total assets under management to $175M across both funds.
2021
The Play Future Fund and the Play Opportunity Fund are launched, both carrying a 2021 vintage in the firm's own fund performance update; Kenrick Drijkoningen becomes partner of the Play Future Fund from July 2021.
2021
Portfolio company Reworks is acquired by Playtika, reported by Bloomberg at up to $600M including earn-out.
2023
Fund III holds its initial close in June 2023; in August 2023 the firm announces Fund I returned 1.5x DPI to investors in under four years.
2024
Play Ventures announces the close of Fund III at $140M in November 2024, its largest fund to date, bringing its total assets under management to $450M.
2025
Portfolio company INCRMNTAL is acquired by Smartly.
2026
The firm publishes a fund performance update on 7 July 2026 reporting net IRR and DPI for all five of its vehicles, including 39.5% net IRR and 1.58x DPI for Fund I.