Play Ventures raises $140M second fund to invest in games and consumer startups

Posted byby Dean Takahashi
November 18, 2024
Updated June 18, 2025
3 min

Play Ventures, a global venture capital firm specializing in early-stage gaming, has raised $140 million for its third gaming fund.

This fund represents Singapore-based Play Ventures’ largest fund to date and brings its total assets under management to $450 million. Coming at this time, the new fund is important for the gaming industry, which has had a tough 2.5 years with 33,000 layoffs during that time.

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Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.