Rovio invests $3m in Play Ventures gaming fund

first_imgRovio invests $3m in Play Ventures gaming fundFund has reached goal of $30m intended for investment in 20-25 companiesRebekah ValentineSenior Staff WriterThursday 28th March 2019Share this article Recommend Tweet ShareCompanies in this articleRovio EntertainmentAngry Birds studio Rovio has announced it has invested $3 million in Play Ventures’ venture capitalist fund aimed at making early stage investments in a number of gaming companies.Related JobsSenior Game Designer – UE4 – AAA United Kingdom Amiqus GamesProgrammer – REMOTE – work with industry veterans! North West Amiqus GamesJunior Video Editor – GLOBAL publisher United Kingdom Amiqus GamesDiscover more jobs in games The Play Ventures gaming investment fund’s goal upon its formation was to raise $30 million in funding to invest in 20-25 different companies, focusing on mobile and PC free-to-play startups. So far, the fund has reached its capital goal and has used that money to invest in five total projects, including the new Helsinki-based studio Reworks.Late last year, Swedish company Modern Times Group also invested in the fund.”The goal of Play Ventures is to invest globally in the world’s most promising early stage gaming companies and we pursue excellent returns for our investors,” said Play Ventures co-founder Harri Manninen. “We appreciate Rovio’s investment not only financially but also as an expression of trust, and we believe that Play Ventures also helps to cultivate the industry and create even better opportunities for early stage gaming companies.”Celebrating employer excellence in the video games industry8th July 2021Submit your company Sign up for The Daily Update and get the best of GamesIndustry.biz in your inbox. Enter your email addressMore storiesRovio shuts down HatchUpdate: Rovio clarified that the family-focused branch of the service, Hatch Kids, is still openBy Marie Dealessandri 3 months agoRovio names Alexandre Pelletier-Normand as new CEOFormer EVP of games will take over from Kati Levoranta on January 1By James Batchelor 4 months agoLatest comments Sign in to contributeEmail addressPasswordSign in Need an account? Register now.last_img read more