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Play Ventures

USGBDEFRESNLSEFIEEILINSGAUKROtherConsumerAI/MLB2B SaaSMarketplacesDeep TechOther

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Investment thesis

Play Ventures is a Singapore- and Helsinki-based early-stage VC focused exclusively on gaming and 'playable' consumer applications. Founded by gaming entrepreneurs Henric Suuronen and Harri Manninen, the firm invests globally in game studios, consumer apps, and the B2B infrastructure and services that power the gaming ecosystem—believing gaming is a $200B+ annual industry, more than 2x the value of music and film combined. The firm backs founders pre-product, leveraging its operational network to support recruitment, game design, fundraising, and live-ops strategy. With $450M in AUM across three funds (Fund I: $30M, Fund II: $135M, Fund III: $140M), Play Ventures has expanded its thesis to include 'playable apps'—consumer applications that apply free-to-play gaming mechanics (meta design, economy design, live ops, monetization) to verticals like wellness, fintech, and social entertainment. The firm also invests in AI-enhanced gaming tools, next-generation distribution channels, and Web3/blockchain gaming infrastructure through its Play Future Fund.

Notable quotes

Software may have eaten the world, but mobile has swallowed our time whole. People now live on their phones — spending hours a day engaging with social media, apps, and, most notably, games. Mobile gaming is one of the most dynamic arenas of our time, presenting massive, untapped potential. With Fund III, we're investing in a new wave of billion-dollar games and interactive experiences, supercharged by the transformative power of AI.

Henric Suuronen · GamesBeat – Play Ventures raises $140M Fund III · 2024

We believe that the best founders see these periods of uncertainty as an opportunity to build the next generation of great game companies. Many of the biggest gaming companies of today were founded during times of market downturn and gloom. With Fund III, we are committed to supporting these brave founders who are creating new business, regardless of market sentiment.

Harri Manninen · GamesBeat – Play Ventures raises $140M Fund III · 2024

Integrating gaming mechanics into everyday apps is just the first step. There's a ton of user engagement and value that can be unlocked by taking learnings from the entire f2p gaming playbook that has been perfected over decades, including meta design, live ops, economy design, and monetization.

Phylicia Koh · GamesBeat – Play Ventures raises $140M Fund III · 2024

Recent investments

CompanyRoundSizeDate
ReworksPre-seed2019
Bigger GamesSeries A$25m2025-06
AppchargeSeries A$26m2024-11
Cypher GamesSeries A$30m2025-10
EloeloSeries B$14m2025-04
Mobile Premier League (MPL)Series D$95m2021
mod.ioSeries A$26m2022
Mainframe IndustriesSeed$8m2021
Circle GamesSeed$7m2025-07
PvX PartnersSeed$4m2025-03

Frequent co-investors

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