About Playbite
Playbite is a company based in St. Louis (United States) founded in 2021 by Stu Feldt and Nic Weber.. Playbite has raised $1 million across 2 funding rounds from investors including Grishin Robotics, Tundra Ventures and Capitalize VC. Playbite offers products and services including Playbite App, Games Library, and Prize System. Playbite operates in a competitive market with competitors including Enthusiast Gaming, Steam, Kratos Studios, GameWith and Turnip, among others.
- Headquarter St. Louis, United States
- Founders Stu Feldt, Nic Weber
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Sectors
Media & Entertainment
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Playbite Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1 M (USD)
in 2 rounds
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Latest Funding Round
$1 M (USD), Seed
Oct 30, 2023
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Investors
Grishin Robotics
& 4 more
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Employee Count
Employee Count
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Products & Services of Playbite
Playbite offers a comprehensive portfolio of products and services, including Playbite App, Games Library, and Prize System. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Mobile app for free games and prize earning through play.
Collection of casual games for multiplayer and solo play.
Feature for redeeming tickets into brand prizes.
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Funding Insights of Playbite
Playbite has successfully raised a total of $1M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $1 million completed in October 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $1.0M
- First Round First Round
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2023 | Amount | Seed - Playbite | Valuation | Grishin Robotics | |
| May, 2022 | Amount | Seed - Playbite | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Playbite
Playbite has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Grishin Robotics, Tundra Ventures and Capitalize VC. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Seed-to-late-stage US tech investments are managed by Grishin Robotics.
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Early-stage investments are made in preseed founders by Tundra Ventures.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Playbite
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Playbite
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Playbite Comparisons
Competitors of Playbite
Playbite operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Enthusiast Gaming, Steam, Kratos Studios, GameWith and Turnip, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Esports enthusiasts are connected via online platforms, forums, and events.
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A digital distribution platform for video games is operated.
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Development services for the gaming industry are provided.
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Video game media company and gaming community
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| domain | founded_year | HQ Location |
Mobile games are live-streamed to YouTube and Facebook via Turnip.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Playbite
Frequently Asked Questions about Playbite
When was Playbite founded?
Playbite was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is Playbite located?
Playbite is headquartered in St. Louis, United States. It is registered at St. Louis, Missouri, United States.
Is Playbite a funded company?
Playbite is a funded company, having raised a total of $1M across 2 funding rounds to date.
What does Playbite do?
Provider of community-driven gaming platform for playing various games. The platform allows users to play fun games, hang out with friends, and win prizes from favorite brands. It is an arcade app available for download on mobile devices.
Who are the top competitors of Playbite?
Playbite's top competitors include Enthusiast Gaming, GameTree and Steam.
What products or services does Playbite offer?
Playbite offers Playbite App, Games Library, and Prize System.
Who are Playbite's investors?
Playbite has 5 investors. Key investors include Grishin Robotics, Tundra Ventures, Capitalize VC, Magic Fund, and 500 Global.
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