Playco

Tokyo, Japan Founded: 2020 • Age: 6 yrs Unicorn
Developer of social web games for PC and console

About Playco

Playco is a Media & Entertainment company based in Tokyo (Japan) founded in 2020 by Teddy Cross, Takeshi Otsuka, Michael Maxwell Carter, and Justin Waldron. It operates as a developer of social web games for PC and console. Playco has raised $100 million across 1 funding round from investors including Digital Garage, Buckley Ventures and Sequoia Capital. The company has 69 employees. Playco has completed 1 acquisition, including Game Closure. Playco was last valued at $1 billion in September 2020. Its chief executive is Michael Maxwell Carter. Its website play.co draws about 29 thousand monthly visits. Its focus areas include Gaming, PC & Console Gaming, Game Developers and Web Games. Its legal entity is GAME CLOSURE INC. Its competitors include Playtika, World Golf Tour, Xindong Network, Giant Interactive Group and Forgame and 4 more; 8 of its 9 listed competitors have raised funding.

Company details

Playco was founded in 2020 and is headquartered in Tokyo, Japan. Social web games for PC and console are developed by the company, with offerings including Sway Stories, Heads Up, and Ask Away, alongside titles such as Trip Royale, Snake Squad, and Cat Life. Operations focus on web-based gaming experiences within the entertainment sector, targeting interactive social play.

  • Headquarters Tokyo, Japan
  • Employees 69
  • Founders Teddy Cross, Takeshi Otsuka, Michael Maxwell Carter, Justin Waldron
  • Stage Unicorn
  • Sectors
    Media & Entertainment
  • Email
    β€’β€’β€’β€’β€’β€’β€’β€’
  • Website play.co
  • Social LinkedIn X
  • Legal Name Game Closure Inc
Key Metrics
  • Total Equity Funding
    $100M (USD)

    in 1 rounds

  • Latest Funding Round
    $100M (USD), Series A

    Sep 2020

  • Investors
  • Employee Count
    69
  • Investments & Acquisitions

Funding Insights of Playco

Playco has successfully raised a total of $100M through 1 strategic funding round. The most recent funding activity was a Series A round of $100 million completed in September 2020. 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 $100M
  • Total Rounds 1
  • Last Round Series A β€” $100M
  • First Round $100M

    (Sep 2020)

  • Investors Count 24

All 1 funding rounds of Playco with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Sep 2020$100MSeries A$1BJosh Buckley, Sequoia Capital
Valuation history
DateValuationStage
Sep 2020$1Bβ€’β€’β€’β€’β€’β€’β€’β€’

Last known valuation $1B (Sep 2020). 24 investors in total: 24 institutional.

Investors in Playco

Playco has secured backing from 24 investors, including institutional and venture fund investors. Prominent investors backing the company include Digital Garage, Buckley Ventures and Sequoia Capital.

All
Venture Fund
Institutional
InvestorDescriptionFounded YearDomainLocation
Sequoia Capital is engaged in venture capital investments.
1972sequoiacap.com-
-
–kskangel.com-
A community-focused entity is operated for collective impact initiatives.
–mistletoe.coSingapore, Singapore
Venture capital firm focused on early-stage companies
–dreamers.vcCalabasas, United States
Venture capital funding for games and interactive entertainment.
–makersfund.com-
A venture firm based in San Francisco and New York, investments are made in technology companies.
–caffeinatedcapital.comSan Francisco, United States
Venture capital firm focused on multiple sectors
–sozoventures.comRedwood City, United States
Investments are made in innovative startups by Z Venture Capital.
–zvc.vcChiyoda City, Japan
Investments in early-stage biotech startups are made by Formic Ventures.
–formic.vcSan Francisco, United States
Investments in multiple sectors are managed by Cambium Grove Capital.
–cambiumgrove.comHong Kong, China
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Investor details for Playco

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People of Playco

31 people are tracked at Playco (14 in leadership, 17 in team); the tracked headcount is 69.

NameRoleGroup
Teddy Cross
Co-Founder & CPOLeadership
Takeshi Otsuka
Co-FounderLeadership
Michael Maxwell Carter
Co-Founder & CEOLeadership
Justin Waldron
Co-FounderLeadership
Michael Carter
Co-Founder & CEOLeadership
Buster Zalkind
VPLeadership
Amber Freeman
Senior Director Of PeopleLeadership
Stephanie Adamson King
Chief Administrative And Legal Officer, Corporate SecretaryLeadership
Chris Wu
Director, Game EngineeringLeadership
Tommy Someya
Chief Of StaffLeadership
Kyoko K.
EA To Co-founder And PresidentLeadership
Sara Jones
VP Of FinanceLeadership
Alex Chou
Head Of User Acquisition + MarketingLeadership
Aaron Bamblett
Director Of SupportLeadership
Cai Leao
Staff EngineerTeam
Mattias Öst
Senior Software EngineerTeam
Michael Piech
EVP OpsTeam
Erika Son
Recruiting Coordinator ManagerTeam
Minjie Kuai
Exec Office / OperationsTeam
Kenya Uchida
Executive Office / OperationsTeam

11 more people are available in the full profile.

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Investments & Acquisitions by Playco

Playco has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Game Closure.

Acquisitions
Company NameDescriptionDomainLocationFoundedAcquiredAmount
HTML games are distributed via an online development platform.
gameclosure.comMountain View, United States2010–β€’β€’β€’β€’
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Timeline of Playco

3 dated milestones of Playco, from founding to its latest funding, stage changes and deals.

  1. Founded Playco is founded.
  2. Funding First funding round of $100.0M.
  3. Milestone Reaches Unicorn status.

Competitors of Playco

Playco has 9 listed competitors in our database, 8 of them funded. They include Playtika, World Golf Tour, Xindong Network, Giant Interactive Group and Forgame, among others.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
playtika.com2010Tel Aviv, Israel$1.5M–
Casual games are developed for mobile and web platforms.
wgt.com1995San Francisco, United States$10M55
Golf-focused video games are developed and published independently.
xd.com2003Shanghai, China$39.3M–
Web-based PC games are developed by Xindong Network.
ga-me.com2004Shanghai, China$164.33M–
MMO games are developed by a China-based company.
forgame.com2009Guangzhou, China$72.79M–
Web and mobile games are developed and published in China.
splashmusic.com2017Brisbane, Australia$20.12M–
PC and console musical gameplay is developed with AI instruments.
bombayplay.com2018Bengaluru, India$9.5M56
Hybrid casual mobile games are developed and published.
innogames.com2007Hamburg, Germany–394
Web & mobile games developer
slide.com2005San Francisco, United States$78M–
Widgets and photo sharing apps are developed for social entertainment.
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Detailed competitors of Playco

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  • Operating metrics
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Web traffic of Playco

The website of Playco (play.co) receives about 29K visits a month.

  • Monthly visits
    29K

    ▲ 41.7% vs previous month

Similar websites

Websites whose visitors overlap most with Playco. Affinity shows how closely the audiences match.

WebsiteDomainAudience affinityMonthly visitsGlobal rankProfile
domainholdingsbrokerage.com
domainholdingsbrokerage.com
100%
–––
newsinitiative.org
newsinitiative.org
64%
–––
google.com.do
google.com.do
60%
–––
search.ask.com
search.ask.com
60%
–––
playco.com.au
playco.com.au
38%
–#3,719,037–
β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’.comβ€’β€’%β€’.β€’M#‒‒‒‒‒–
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  • Audience overlap
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  • Traffic by brand

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Top companies in Gaming Platforms & Ecosystem

10 companies that operate in the same segment as Playco (Gaming Platforms & Ecosystem), ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Digital entertainment, e-commerce, and financial services are provided globally.
2006Singapore, Singapore, SingaporeUSD 721.47 MUSD 22.94 B3,733
Gaming hardware and accessories are developed for players.
2005Irvine, California, United StatesUSD 126.27 M–1,981
Provider of cross-platform game engine technology
1991Cary, North Carolina, United StatesUSD 8.13 B–11,961
VR-based head-mounted displays for gaming are provided by Oculus.
2012Menlo Park, California, United StatesUSD 107.05 M––
ESports social video streaming platform
2006San Francisco, California, United StatesUSD 35.12 M––
Microsoft is recognized for software, hardware, and gaming solutions.
1975Redmond, Washington, United States–USD 281.72 B228,000
Blockchain-based PC and mobile games are developed and published.
2006Kowloon, Hong Kong, ChinaUSD 997.58 MUSD 101.34 M307
Custom overlay apps for PC games are developed.
2009Ramat Gan, Tel Aviv District, IsraelUSD 149.74 M––
Valve Corporation is engaged in gaming, digital distribution, and hardware development.
1996Bellevue, Washington, United States––1,855
Unity is recognized as a leading real-time development platform.
2004San Francisco, California, United StatesUSD 893.5 MUSD 1.85 B7,102
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Related news about Playco

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Frequently Asked Questions about Playco

Playco was founded in 2020.

Playco is headquartered in Tokyo, Japan. It is registered at Tokyo, Tokyo, Japan.

Michael Maxwell Carter is the current CEO of Playco. They have also founded this company.

Playco is a funded company, having raised a total of $100M across 1 funding round to date. The company's 1st funding round was a Series A of $100M, raised on Sep 2020.

Playco has 69 employees.

Playco was founded in 2020 and is headquartered in Tokyo, Japan. Social web games for PC and console are developed by the company, with offerings including Sway Stories, Heads Up, and Ask Away, alongside titles such as Trip Royale, Snake Squad, and Cat Life. Operations focus on web-based gaming experiences within the entertainment sector, targeting interactive social play.

Playco's top competitors include Playtika, World Golf Tour and Giant Interactive Group.

Playco has made 1 acquisition, including Game Closure.

Playco has 24 investors. Key investors include Digital Garage, Buckley Ventures, Sequoia Capital, KSK Angel Fund, and Mistletoe.

The valuation of Playco is $1B as of Sep 2020.

Playco operates through Game Closure Inc.

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