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Meet one of gaming’s newest unicorns. Playco has raised $100 million at a $1 billion valuation for instant games across a wide variety of platforms.
That’s a lofty valuation for a company making a web browser gaming engine for instant games that are playable on a web link and can run on any platform. The funding comes as the industry is discussing a “post-app store” world, and instant games may be a perfect vessel for delivering games with the potential to reach billions of players.
Sequoia Capital Global Equities and Mino Games founder Josh Buckley led the round, with participation from Sozo Ventures, Raymond Tonsing’s Caffeinated Capital, Keisuke Honda’s KSK Angel Fund, Taizo Son’s Mistletoe Singapore, Digital Garage, Will Smith’s Dreamers VC, and Makers Fund.
Targeted platforms include cloud streaming, Google Play Instant, iOS App Clips, Facebook Instant Games, Snapchat Minis, and others. Playco will make games, provide the backend