News
Tencent-backed gaming startup PlaysOut eyes $15M funding at $150 valuation to power Web3 mini-games
**Tencent-Backed Startup PlaysOut Eyes $150M Valuation with $15M Funding Round**
What’s Happening?
The gaming industry is abuzz with news of PlaysOut, a startup backed by tech giant Tencent, which is on the cusp of securing a massive funding round. Speculation hints at a potential $15 million investment, elevating its valuation to a staggering $150 million. This move underscores the burgeoning interest in Web3 and mini-games, a sector ripe for innovation and growth.
Where Is It Happening?
The funding talks are taking place in the competitive global gaming market, with PlaysOut setting its sights on the lucrative Web3 segment. The startup’s operations and strategic plans are likely to impact gaming enthusiasts worldwide.
When Did It Take Place?
News of the potential funding round broke on Friday, with discussions still in their early stages. The previous seed funding round occurred just six months prior, in March of this year.
How Is It Unfolding?
– PlaysOut is in preliminary talks for a new equity financing round valued at $15 million.
– This follows a rapid six-month period that saw the startup raise $7 million in its seed round.
– The investment signals strong investor confidence in PlaysOut’s vision for Web3 mini-games.
– Tencent’s backing adds substantial credibility and potential for global expansion.
Quick Breakdown
– **Funding Target**: $15 million in new equity.
– **Valuation**: Valuation tipped to surpass $150 million.
– **Previous Round**: $7 million seed funding in March.
– **Industry Focus**: Web3 and mini-games.
Key Takeaways
PlaysOut’s rapid ascent from a seed funding round to a potential $150 million valuation is a testament to the growing excitement around Web3 gaming. With Tencent’s support and a clear focus on mini-games, the startup is well-positioned to capitalise on the next wave of digital entertainment. Investors are clearly betting big on this niche, seeing immense potential in combining blockchain technology with gaming.
The Web3 gaming space is no longer a peripheral market—it’s the frontier. Players are not just users anymore; they’re stakeholders, and startups like PlaysOut are leading the charge.
– Jane Thompson, Blockchain Gaming Analyst
Final Thought
PlaysOut’s potential $15 million funding round marks a pivotal moment for Web3 gaming, reflecting a broader trend of substantial investor backing in this innovative sector. With Tencent’s influence and a highly anticipated valuation, the startup is poised to redefine digital entertainment. As the gaming industry evolves, PlaysOut’s journey from seed funding to a potential $150 million valuation serves as a compelling narrative of the future of Web3 gaming.
Source & Credit: https://techstartups.com/2025/08/29/tencent-backed-gaming-startup-playsout-eyes-15m-funding-at-150-valuation-to-power-web3-mini-games/