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VC fund Play Ventures has announced it closed a $135 million funding round, which will go towards investment in game studios. This is the second round going towards the company s Play Ventures Fund, which has so far invested in 24 game companies in ten countries, the announcement said. Play Ventures also announced the first investment coming from the new round of funding, going towards Indian startup All Star Games. Games Beat reported last month that the studio had raised $1.5 million to develop sports games on mobile. This new funding round brings Play Ventures total to date to $175 million, having raised $40 million in August 2019. ....
Play Ventures raises $135 million to invest in game startups VC fund Play Ventures has raised $135 million to invest in video game startups, beginning with a $1.5 million pre-Series A investment into Indian mobile studio All-Star Games. The company said the Play Ventures Fund II will be used to invest in the world s best game makers and entrepreneurs. Since December 2018, Play Ventures has invested in 24 video game companies across 10 different countries. The creation of Fund II brings the total assets under Play Ventures management to $175 million across two separate funds. With Fund II, we continue to believe that gaming will be the most impactful and dominant form of entertainment in the 21st century. We have strong conviction that the best gaming teams can be founded and built anywhere in the world, said the company. ....