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The Venture Codex

Overview

Venture funding for global games and game services startups.

Founded

2018

Deals · 12mo

9

Stage focus

Seed
Series A

Geographic focus

Finland
Israel
Turkey
United Kingdom
...

Sector focus

Blockchain
Cryptocurrency
Web3

Investment portfolio

65rounds
NAMEDATESIZE
Surge Games
Aug 2026Led
$3 MSeed
geoSurge
Jul 2026Participated
$12 MSeed
PvX
Apr 2026Participated
$11 MSeries A
Uplane
Apr 2026Led
$5 MSeed
Vuelo
Mar 2026Led
$74 MDebt
StoReel
Mar 2026Led
$9 MSeed
Cheer Games
Mar 2026Participated
$5 MSeed
Midnite
Jan 2026Participated
$35 MSeries C
PvX
Dec 2025Participated
$5 MSeed
Cypher Games
Oct 2025Led
$30 MSeries A
Appcharge
Aug 2025Participated
$58 MSeries B
Bigger Games
Jun 2025Participated
$25 MSeries A
Surge Games
Aug 2026Led
$3 MSeed
geoSurge
Jul 2026Participated
$12 MSeed
PvX
Apr 2026Participated
$11 MSeries A
Uplane
Apr 2026Led
$5 MSeed
Vuelo
Mar 2026Led
$74 MDebt
StoReel
Mar 2026Led
$9 MSeed
Cheer Games
Mar 2026Participated
$5 MSeed
Midnite
Jan 2026Participated
$35 MSeries C
PvX
Dec 2025Participated
$5 MSeed
Cypher Games
Oct 2025Led
$30 MSeries A
Appcharge
Aug 2025Participated
$58 MSeries B
Bigger Games
Jun 2025Participated
$25 MSeries A
65
Items
...
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Insights

Time horizon

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Deal Distribution

Play Ventures: 65 funding rounds are recorded in the selected participation categories.All available history.
Play Ventures: 65 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed1525
Series A28
Series B11
Series C+02
Other Equity28
Debt10

Monthly Deal Activity

Play Ventures: 65 deals are recorded across 86 months.All available history.
Play Ventures: 65 deals are recorded across 86 months. All available history
MonthDeals
Sep '191
Oct '191
Nov '190
Dec '190
Jan '200
Feb '201
Mar '202
Apr '201
May '200
Jun '200
Jul '202
Aug '200
Sep '200
Oct '200
Nov '200
Dec '202
Jan '210
Feb '212
Mar '210
Apr '210
May '210
Jun '210
Jul '211
Aug '210
Sep '210
Oct '212
Nov '214
Dec '210
Jan '222
Feb '220
Mar '223
Apr '221
May '223
Jun '222
Jul '220
Aug '222
Sep '221
Oct '220
Nov '220
Dec '221
Jan '231
Feb '231
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '231
Sep '231
Oct '231
Nov '230
Dec '230
Jan '241
Feb '240
Mar '241
Apr '240
May '241
Jun '241
Jul '241
Aug '241
Sep '241
Oct '241
Nov '241
Dec '241
Jan '250
Feb '250
Mar '251
Apr '252
May '251
Jun '251
Jul '250
Aug '251
Sep '250
Oct '251
Nov '250
Dec '251
Jan '261
Feb '260
Mar '263
Apr '262
May '260
Jun '260
Jul '261
Aug '261
Sep '260
Oct '260

Sector Breakdown

Play Ventures: Gaming & eSports is the largest displayed sector by deal count (42 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Play Ventures: Gaming & eSports is the largest displayed sector by deal count (42 deals). All available history
SectorDeals
Gaming & eSports42
Enterprise Software17
Crypto & Blockchain16
AI & Machine Learning12
Fintech10
AR/VR9
Networks, Cloud & Communication8
Media & Entertainment7
E-Commerce & Retail5
Data, Analytics & IT4
Marketing & Advertising4
Social & Community Platforms4
Developer Tools4
Travel & Hospitality3
Consumer & Lifestyle2
Health & Life Sciences2
Transportation & Logistics1
Professional Services1

Deal Size Distribution

Play Ventures: 65 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Play Ventures: 65 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M28
$5M-$10M21
$10M-$25M6
$25M-$50M7
$50M-$100M3
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Play Ventures: Europe has the largest recorded deal count among the displayed regions (25 deals).All available history.

Top 10 of 11 regions; European countries are grouped as Europe.

Play Ventures: Europe has the largest recorded deal count among the displayed regions (25 deals). All available history
RegionDeals
Europe25
United States24
Israel4
Singapore3
Australia2
276032
Thailand1
India1
8041
Vietnam1
Play Ventures: 20 co-investors are shown, with Animoca Brands sharing 8 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Investment Strategy

Play Ventures: Led accounts for 32% and participating for 68% of round participation.All available history.
Play Ventures: Led accounts for 32% and participating for 68% of round participation. All available history
CategoryDeals (count)Share (%)
Led2132%
Participating4468%
Play Ventures: Single-lead accounts for 62% and co-led for 38% of lead dynamics.All available history.
Play Ventures: Single-lead accounts for 62% and co-led for 38% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead1362%
Co-led838%

Team

Anton Backman

Investment Associate

Elad Levy

Limited Partner

Harri Manninen

Founding Partner

Henric Suuronen

Founding Partner

Michail Katkoff

Venture Partner

Morten E. Wulff

Investor (Fund 1 + 2)