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

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

People now live on their phones—spending hours a day engaging with social media, apps, and, most notably, games,” said Henric Suuronen, founding partner at Play Ventures, in a statement. Fund III will also have an expanded focus to “playable apps”—consumer applications that apply the best of the free-to-play gaming playbook to create captivating, interactive user experiences across multiple consumer verticals. “Our playable apps investments in Arya, Ahead, Benjamin and Bible Chat are testaments of how this approach can drive significant growth and reshape user experiences.”

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