{"id":99099,"date":"2019-08-23T15:53:00","date_gmt":"2019-08-23T15:53:00","guid":{"rendered":"http:\/\/www.gamasutra.com\/view\/news\/349346"},"modified":"2019-08-23T15:53:00","modified_gmt":"2019-08-23T15:53:00","slug":"play-ventures-raises-40-million-to-fuel-game-focused-vc-fund","status":"publish","type":"post","link":"https:\/\/sickgaming.net\/blog\/2019\/08\/23\/play-ventures-raises-40-million-to-fuel-game-focused-vc-fund\/","title":{"rendered":"Play Ventures raises $40 million to fuel game-focused VC fund"},"content":{"rendered":"<p><strong>Newsbrief: <\/strong>The venture capital firm Play Ventures has closed out its first round of funding, raising a total of $40 million to later invest in pre-seed and seed-stage game startups.<\/p>\n<p>According to <a href=\"https:\/\/www.techinasia.com\/gaming-vc-play-ventures-first-fund-40m\">Tech in Asia<\/a>, that first $40 million sum is around <a href=\"https:\/\/www.gamasutra.com\/view\/news\/332151\/Play_Ventures_aims_to_invest_30_million_in_video_game_startups.php\">$10 million more than originally sought<\/a> and saw contributions came from Rovio, Modern Times Group, Huuuge Games CEO Anton Gauffin, and others.<\/p>\n<p>Play Ventures set up shop in Singapore last year, and aims to invest in younger startups, particularly those working towards free-to-play games on mobile or PC. Since its foundation, Play Ventures has invested in eight game studios, including the likes of <a href=\"https:\/\/www.gamasutra.com\/view\/news\/337977\/Helsinki_dev_Reworks_nets_15_million_to_corner_customization_game_market.php\">Helsinki-based&nbsp;Reworks<\/a> and <a href=\"https:\/\/www.gamasutra.com\/view\/news\/345952\/Freetoplay_studio_Redhill_Games_secures_114_million_investment.php\">Redhill Hames<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Newsbrief: The venture capital firm Play Ventures has closed out its first round of funding, raising a total of $40 million to later invest in pre-seed and seed-stage game startups. According to Tech in Asia, that first $40 million sum is around $10 million more than originally sought and saw contributions came from Rovio, Modern [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":99100,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-99099","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts\/99099","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/comments?post=99099"}],"version-history":[{"count":0,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts\/99099\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/media\/99100"}],"wp:attachment":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/media?parent=99099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/categories?post=99099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/tags?post=99099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}