According to VentureBeat, Play Ventures, a venture capital fund specializing in-game services and start-up game developers, has raised a new round of funding. As part of it, the fund has raised at least $78 million. VentureBeat found information about the round in U.S. Securities and Exchange Commission documents. 

Since its founding in 2018, Play Ventures has invested in over 100 gaming companies. For example, it has committed money to KEK Entertainment, founded by former Pixonic executives, and Sony-owned Savage Game Studios. 

The company previously announced that its fund performance had a net internal rate of return of 66% and distributions paid in (DPI) of 1.5 times in four years. Its major exits include Reworks, a mobile gaming studio acquired by Playtika for up to $600 million; Dataseat, a business-to-business mobile marketing tech company acquired by Verve Group; and Savage Game Studios, a shooter game studio acquired by PlayStation Studios. The first fund had 20 game companies, such as Gamefam, Mod.io, and MPL.

The second fund included Odeeo, Original Games, Fliff, Freedom Games, Appcharge, Incrmntal, Alter, Loupedeck, and many others. Besides the other top managers listed in the form, other general partners include Kenrick Drijkoningen and Anton Blackman.

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