Play Ventures | Activity | F4

Team Portfolio Raise Champions Essays

F4/Play Ventures/Activity

Play Ventures Activity

Every public signal F4 has attached to this firm, with sources and cross-entity links.

Types

Time range

New Fund

Play Ventures closed a $140M third fund to invest in early-stage gaming, playable consumer apps, and B2B infrastructure companies.

Play Ventures raises $140M third fund

thebusinessperspective.com

Added recently

Milestone

Play Ventures portfolio company Circle Games raised a $25M Series A led by Tencent with BITKRAFT Ventures, e2vc, APY Ventures and a16z Speedrun participating. Play Ventures previously participated in their seed round.

Circle

CirclePlay Ventures

sesamers.comSEP 24, 2026

SEP 24, 2026

Investment

Surge Games, an Istanbul-based AI-native mobile puzzle studio, raised a $3M pre-seed round led by Play Ventures. Funds will grow the team and scale user acquisition.

Surge Games

Surge Games Play Ventures

pocketgamer.bizAUG 25, 2026

AUG 25, 2026

Exit

Portfolio company INCRMNTAL was acquired by Smartly.

Incrmntal

Incrmntal Play Ventures

smartly.ioMAY 7, 2026

MAY 7, 2026

Investment

Led Circle Games' $7.3M Seed round for mobile gaming.

Circle Games

Circle Games Play Ventures

Added recently

Investment

Participated in Bigger Games' Series A funding round.

Biggergames

BiggergamesPlay Ventures

playventures.vc

Added recently

Milestone

Portfolio company Mod.io raised $26M Series A led by Tencent for its mod platform.

Mod

ModPlay Ventures

Added recently

Exit

Portfolio company Reworks was acquired by Playtika for up to $600M ($400M upfront + $200M earn-out), achieved in under three years.

Reworks

Reworks Play Ventures

Added recently

5 investments· MAR 2026 – APR 2026Show all

Investment

Participated in $30M Series A for Cypher Games, an Istanbul-based studio behind the puzzle game Match Squad, led by The Raine Group.

Cyphergames

Cyphergames Play Ventures

Added recently

Investment

Co-led $4.5M seed round for FERASET, a Turkish AI-driven consumer apps developer with 2+ million monthly downloads.

Feraset

FerasetPlay Ventures

Added recently

Investment

Led $10.4M Series A for Alinea Invest, a Gen Z wealth management platform with over 1 million users.

Alinea Invest

Alinea Invest Play Ventures

playventures.vc

Added recently

Investment

Led Uplane's $4.5M seed round for AI-native marketing automation.

Uplane

Uplane Play Ventures

thesaasnews.comAPR 2026

APR 2026

Investment

Led StoReel's $9M seed round as part of a $34M financing for AI-native microdrama content.

StoReel

StoReel Play Ventures

businessinsider.comMAR 2026

MAR 2026

Essay

Phylicia Koh (GP at Play Ventures) discussed the convergence of consumer apps and gaming, explaining why consumer in-app purchases now exceed gaming IAP.

Phylicia Koh on playable consumer apps

podcasts.apple.comJAN 2026

JAN 2026

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