About Playco
Playco is a company based in Tokyo (Japan) founded in 2020 by Teddy Cross, Takeshi Otsuka, Michael Maxwell Carter, and Justin Waldron.. Playco has raised $100 million across 1 funding round from investors including Digital Garage, Buckley Ventures and Sequoia Capital. The company has 40 employees as of December 31, 2022. Playco operates in a competitive market with competitors including Playtika, World Golf Tour, Xindong Network, Giant Interactive Group and Forgame, among others.
- Headquarter Tokyo, Japan
- Employees 40 as on 31 Dec, 2022
- Founders Teddy Cross, Takeshi Otsuka, Michael Maxwell Carter, Justin Waldron
- Stage Unicorn
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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 Game Closure 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
$100 M (USD)
in 1 rounds
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Latest Funding Round
$100 M (USD), Series A
Sep 21, 2020
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Investors
Digital Garage
& 8 more
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Employee Count
40
as on Dec 31, 2022
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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 Total Funding
- Total Rounds 1
- Last Round Series A — $100.0M
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First Round
First Round
(21 Sep 2020)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2020 | Amount | Series A - Playco | Valuation | Josh Buckley , Sequoia Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 Playco
Playco has secured backing from 9 investors, including institutional and venture fund investors. Prominent investors backing the company include Digital Garage, Buckley Ventures and Sequoia Capital. 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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Sequoia Capital is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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A community-focused entity is operated for collective impact initiatives.
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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 Playco
| 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 - Playco
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Playco Comparisons
Competitors of Playco
Playco 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 Playtika, World Golf Tour, Xindong Network, Giant Interactive Group and Forgame, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Casual games are developed for mobile and web platforms.
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| domain | founded_year | HQ Location |
Golf-focused video games are developed and published independently.
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| domain | founded_year | HQ Location |
Web-based PC games are developed by Xindong Network.
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| domain | founded_year | HQ Location |
MMO games are developed by a China-based company.
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| domain | founded_year | HQ Location |
Web and mobile games are developed and published in China.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
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 Playco
Frequently Asked Questions about Playco
When was Playco founded?
Playco was founded in 2020.
Where is Playco located?
Playco is headquartered in Tokyo, Japan. It is registered at Tokyo, Tokyo, Japan.
Who is the current CEO of Playco?
Michael Maxwell Carter is the current CEO of Playco. They have also founded this company.
Is Playco a funded 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 21, 2020.
How many employees does Playco have?
As of Dec 31, 2022, the latest employee count at Playco is 40.
What does Playco do?
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.
Who are the top competitors of Playco?
Playco's top competitors include Playtika, World Golf Tour and Giant Interactive Group.
Who are Playco's investors?
Playco has 9 investors. Key investors include Digital Garage, Buckley Ventures, Sequoia Capital, KSK Angel Fund, and Mistletoe.
What is Playco's valuation?
The valuation of Playco is $1B as of Sep 2020.
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