- Companies
- Play
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
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
Website
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
| Date | Stage | Valuation |
|---|---|---|
| Jun 2020 | Seed | $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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Apr 2021 | Seed | Irregular Expressions; Ride Home Fund; Oceans | $6M | - | - |
| Jun 2020 | Seed | - | $3M | $1B | Playco, 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Apr 2021 | ||
This data is available for Pro users. Sign up to see all 3 Play investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialPlay Competitors
Play competitors include listed companies like Smarter Microelectronics, Nagarro and Lectra, and private ones like UST, BioRender and Vention.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | $82M | $1B | - | ||
| Publicly listed | $120M | ($31M) | $985M | 7.8x | ||
| Publicly listed | $1.2B | $134M | $1.1B | 1.2x | ||
| Private | - | - | $900M | - | ||
| Publicly listed | $584M | $91M | $890M | 1.7x | ||
| Private | $73M | - | $1.2B | 16.4x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $120M | ($31M) | 7.7x | 7.8x | (30.2x) | (31.1x) | |||
| $1.2B | $134M | 1.2x | 1.2x | 10.2x | 8.0x | |||
| $584M | $91M | 1.7x | 1.7x | 11.0x | 11.1x | |||
| $133M | $12M | 7.4x | 6.9x | 79.9x | 49.1x | |||
| $275M | $68M | 2.7x | 2.6x | 10.9x | 9.8x | |||
| $277M | $51M | 1.6x | 1.7x | 8.9x | - | |||
| $591M | $108M | 1.5x | 1.5x | 8.4x | 8.2x | |||
| $330M | $54M | 2.1x | 1.9x | 12.5x | - | |||
This data is available for Pro users. Sign up to see all Play competitors and their valuation data. Start Free Trial | ||||||||
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. |
See companies similar to Play
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.




