Play Ventures is raising a $30 million fund to invest in game startups. It will be run by Harri Manninen of Helsinki and Henric Suuronen of Singapore.
Play Ventures is raising a $30 million fund to invest in game startups. The company will be run by Harri Manninen of Helsinki and Henric Suuronen of Singapore, but it will invest in startups around the world.
It shows that some investors view games as a ripe opportunity for startups, even though the $139 billion global games market has a lot of behemoths in it.
Play Ventures will invest in early-stage companies in gaming and gaming services around the world. The goal is to find the best gaming founders and join them at an early stage as they make the games of tomorrow, said Harri Manninen, founding partner at Play Ventures, in an interview with GamesBeat.
“The good thing about our locations is that we have the East meets West opportunity,” Manninen said. “Everything we invest in will be gaming. That includes mobile and PC, streaming, marketing, user acquisition, data, and game studios. We’re pretty comfortable going in early.”
He said that the fund will target mobile and PC free-to-play startups and other gaming startups that are looking for more than just money.
