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Play
venture arm · Play VenturesSingapore, SG · Founded 2018 · 17 employees on LinkedIn · 6 known investors
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Play Ventures is a venture capital firm founded by gaming operators that invests in game studios, gaming platforms, and related technology, including the intersection of gaming and lifestyle. It also runs the Play Future Fund focused on blockchain and crypto companies.
Also known as Play · Play Ventures · Play Ventures Pte Ltd
Founders & leadership
Play was founded in 2018 by Henric Suuronen and Harri Manninen.
Investors · 6
How we know: BLN Capital's portfolio page · Not right? Tell us
How we know: Perot Jain's portfolio page · Not right? Tell us
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How we know: funding news · technode.global · Not right? Tell us
How we know: funding news · finance.yahoo.com · Not right? Tell us
Also in the syndicate · 1
Funding
SEC filings, press & company announcements- Undisclosed amountPre-seed RoundMar 2026
Makers Fund (lead)
Source ↗ - Undisclosed amountseed fundingMar 2025
General Catalyst (lead)
Source ↗
Source: company announcements and press reports — follow each round's link for the claim.
Company profile
researched Aug 2026Play Ventures is a venture capital firm focused on gaming and consumer applications. It invests early in game studios, consumer apps and the related B2B infrastructure and services startups that support them, backing teams globally and, by its own description, often before a product exists. The firm frames its thesis around gaming as a $200B+ per year business and "playable apps" — consumer applications such as learning and wellness products that apply free-to-play gaming techniques in user acquisition, virtual currencies and rewards, economy design, segmentation, LTV prediction and monetization — which it sizes as an $80B+ market. A third area of focus is B2B, AI and infrastructure covering adtech, payments infrastructure and AI tools for user acquisition, retention and monetization; named examples include Appcharge (payments), Scenario (AI) and PvX (performance marketing/financing).
The firm operates multiple funds. Fund I was its debut vehicle; Fund II closed at US$135M, taking assets under management to $175M across both funds at that time; a third fund of $140M was announced as its largest to date. A Play Future Fund covering blockchain and crypto has been led by partner Kenrick Drijkoningen since July 2021. Play Ventures states it has been chosen by 50+ portfolio companies and has won the Pocket Gamer Mobile Games Award for Investor of the Year in consecutive years.
The team spans Singapore, Helsinki, Berlin, Paris, Seoul and Istanbul, and includes founding partners Henric Suuronen and Harri Manninen, general partners Phylicia Koh, Anton Backman and Kenrick Drijkoningen, plus dedicated platform, talent, events, compliance and finance/operations staff.
Compiled by commissioned research from 13 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 15
launches, deals, and filingsThe firm reported performance across multiple funds and vintages measured against vintage- and fund size-matched benchmarks in Carta's Q1 2026 VC Fund Performance Report, covering 2,775 benchmarked funds.
INCRMNTAL, an incrementality measurement provider in the Play Ventures portfolio, was acquired by marketing platform Smartly.
Reworks, backed by Play Ventures from its pre-seed round onward, was acquired by Playtika for $400M plus a $200M earn-out.
$600M source ↗
Fund III, the firm's largest to date at $140m, closed in June 2023 and announced in November 2024. It targets 20-25 early-stage companies globally from pre-seed to Series A, focused on free-to-play mobile games, playable apps, gaming infrastructure, distribution and AI-enhanced tools.
$140M source ↗
Play Ventures announced its largest fund to date, a $140M vehicle to support early-stage founders building games, playable consumer apps, and the B2B services and infrastructure powering them.
$140M source ↗
Play Ventures won the Pocket Gamer Mobile Games Award for Investor of the Year for the second year in a row.
Play Ventures reported returning 1.5x of invested capital to investors as distributed capital (DPI) from its debut fund in less than four years, with 20 companies remaining in the portfolio.
Play Ventures won the Pocket Gamer Mobile Games Award for Investor of the Year for the second time in a row.
A fully subscribed $75m fund focused on the intersection of web3 and gaming.
$75M source ↗
$30M source ↗
From July 2021, Kenrick Drijkoningen, founder of LuneX Ventures, serves as partner of Play Ventures' Play Future Fund, which covers blockchain and crypto.
Kenrick Drijkoningen, founder of LuneX Ventures, joined as partner of the Play Future Fund from July 2021.
Play Ventures closed a $135m second fund to invest in game makers and entrepreneurs, bringing total assets under management to $175m across both funds.
$135M source ↗
The firm announced the closing of Play Ventures Fund II, a $135M fund to invest in game makers and entrepreneurs, bringing total assets under management to $175M across both funds.
$135M source ↗
Play Ventures announced the final closing of its first fund at $40m, exceeding an initial $10m target.
$40M source ↗
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 13
primary sources listed
- Playplay.vc · web
- Play Venturesplayventures.vc · web
13 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Play do?
- Play Ventures is a Singapore-based early-stage venture capital firm investing in game studios, consumer apps and gaming infrastructure.
- Who founded Play?
- Play was founded by Henric Suuronen, Harri Manninen in 2018.
- Who are Play's investors?
- Play's investors include BLN Capital, Perot Jain, General Catalyst, Makers Fund, Modern Times Group.
- Where is Play headquartered?
- Play is headquartered in Singapore, SG.