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UAE gametech startup PlaysOut raises $7m seed funding
UAE-based gametech startup PlaysOut has raised US$7 million in a seed funding round, which values the company at US$70 million.
Investors in this round include OKX Ventures, KBW Ventures, and Pacific Century Group.
PlaysOut was founded in 2024 by Jassem Osseiran and Jimmie Jeremejev. The company offers platforms a mini-games engine and a software development kit (SDK) that provides access to a library of mini-games.
The startup plans to use the funds to expand its mini-game ecosystem. It also aims to establish strategic partnerships and target high-growth markets in the US, MENA, and Asia.
Recent gametech developments
| Timeline |
|---|
| 09-Dec-2024 🎮 UAE gametech startup Playgama raises $3m UAE startup Playgama raises $3M to support Middle Eastern game developers in global markets, targeting Europe and the US. |
| 08-Nov-2021 🎮 Tencent leads $26m round of Sequoia-backed gaming firm Mod.io, an Australian game firm, secures $26M in Series A funding led by Tencent to enhance user-generated content in gaming. |
| 04-Dec-2020 🎮 Sequoia’s Surge co-leads game development service Mod.io’s $4m round Mod.io raises $4M to enhance mod support for games, simplifying user-generated content access for players. |
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