Play Valuation, Funding & Investors

Play is valued at $1B as of June 2020.

See full Play profile

Last Play valuation

$1B

Seed · Jun 2020

Last Play funding round

$6M

Seed · Apr 2021

Cumulative funding Play raised

$9M

across 2 funding rounds

Key investors in Play

  • Oceans
  • Irregular Expressions
  • Ride Home Fund

Play Overview

About Play

Play is a native iOS design and prototyping tool enabling creation, collaboration, and testing directly on iPhone and iPad. San Francisco-headquartered since 2022, it leverages SwiftUI for real-time previews, gesture simulations, and component libraries, bypassing desktop dependencies. Teams use it for wireframing apps with haptics, AR previews, and shareable prototypes.


Founded

2019

HQ

United StatesNew York City, NY

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Valuation

$1B (Jun 2020)

Play Valuation

Play is currently valued at $1B, based on its seed round in June 2020.

Play valuation by funding round

Play valuation by funding round
DateStageValuation
Jun 2020Seed$1B

Play Funding History

Play has raised a total of $9M across 2 funding rounds.

Play's first fundraising round was a $3M seed round in June 2020. The most recent completed round was a $6M seed round in April 2021.

Play funding rounds

Play funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Apr 2021SeedIrregular Expressions; Ride Home Fund; Oceans$6M--
Jun 2020Seed-$3M$1BPlayco, known as Play, is a Tokyo-headquartered mobile gaming startup founded by Zynga co-founder Justin Waldron, Game Closure co-founder Michael Carter, and game producers Takeshi Otsuka and Teddy Cross. The company launched with a $100 million Series A funding round on September 21, 2020, achieving unicorn status at a post-money valuation just north of $1 billion. The round was led by Josh Buckley and Sequoia Capital Global Equities, with participation from Sozo Ventures, Caffeinated Capital, KSK Angel Fund, Mistletoe Singapore, Digital Garage, Dreamers, and Makers Fund. The substantial Series A funding enabled Playco to rapidly scale its team to 75 people without compromising on talent acquisition. Founders emphasized leveraging established mobile gaming monetization models while exploring new opportunities from emerging technologies. Mobile gaming represented a $68.5 billion global market at the time, attracting significant investor interest.

Who has invested in Play?

3 investors have backed Play across its funding rounds, including Oceans, Irregular Expressions and Ride Home Fund.


Play Investors

Investors in Play by funding rounds participated
InvestorHQRoundsRoleFirst check
Irregular ExpressionsUnited StatesNew York City, NY1ParticipantApr 2021

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Play Competitors

Play competitors include listed companies like Smarter Microelectronics, Nagarro and Lectra, and private ones like UST, BioRender and Vention.

Public and private companies comparable to Play
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
USTUnited StatesLos Angeles, CAPrivate-$82M$1B-
Smarter MicroelectronicsChinaChinaPublicly listed$120M($31M)$985M7.8x
NagarroGermanyGermanyPublicly listed$1.2B$134M$1.1B1.2x
BioRenderCanadaTorontoPrivate--$900M-
LectraFranceFrancePublicly listed$584M$91M$890M1.7x
VentionCanadaMontrealPrivate$73M-$1.2B16.4x

Play Public Comps

Play is still privately-owned, but its public comps include Smarter Microelectronics, Nagarro, Lectra, Zwsoft, Mensch und Maschine, ZUKEN, Addnode Group, Perfect Presentation, Gstarsoft and Forward Industries.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Smarter Microelectronics$120M($31M)7.7x7.8x(30.2x)(31.1x)
Nagarro$1.2B$134M1.2x1.2x10.2x8.0x
Lectra$584M$91M1.7x1.7x11.0x11.1x
Zwsoft$133M$12M7.4x6.9x79.9x49.1x
Mensch und Maschine$275M$68M2.7x2.6x10.9x9.8x
ZUKEN$277M$51M1.6x1.7x8.9x-
Addnode Group$591M$108M1.5x1.5x8.4x8.2x
Perfect Presentation$330M$54M2.1x1.9x12.5x-

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Common questions about Play

When was Play founded?Play was founded in 2019.
Where is Play headquartered?Play is headquartered in New York City, NY, United States.
Is Play publicly listed?No, Play is a private, VC-backed company.
What is Play's valuation?Play was last valued at $1B in its seed round in June 2020.
How much funding has Play raised?Play has raised $9M across 2 funding rounds.
What was Play's last funding round?Play's last funding round was a $6M seed round in April 2021.
Who are Play's investors?Play's investors include Irregular Expressions, Ride Home Fund and Oceans.
Which companies are comparable to Play?Companies comparable to Play include UST, Smarter Microelectronics, Nagarro, BioRender, Lectra and Vention.

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