Game company PlaysOut plans to raise $15 million at a valuation of $150 million

Game tech startup PlaysOut is considering raising $15 million through a new equity financing, with a valuation of more than $150 million, according to Bloomberg, people familiar with the matter said. The company has begun negotiations with potential investors, including the Middle East sovereign wealth fund and some of the world's top venture capital firms, people familiar with the matter said. PlaysOut may use this funding to drive its commercialization process. PlaysOut aims to connect the Web2 and Web3 ecosystems, helping developers release mini games on platforms such as Telegram, Discord, and YouTube by embedding infrastructure such as blockchain capabilities. The company completed a $7 million seed round in March, with leading investors including OKX Ventures, KBW Ventures and Kenetic Capital. PlaysOut also collaborates with partners such as Aptos and B3 to develop Web3 gaming infrastructure and launches co-branded mini-games with DogeOS and Eros.