Rovio makes a $3M investment in a venture capital fund managed by Play Ventures.
Play Ventures, a Singapore-based venture firm that makes early stage investments in video games companies, announced that it completed a $3M investment.
The money was provided by the Finnish gaming company Rovio Entertainment Corporation.
The announcement comes as, at the end of 2018, Swedish publisher MTG also placed capital commitments to Play Ventures as well.
Play Ventures was founded in 2018 by two Finnish video game entrepreneurs: Henric Suuronen and Harri Manninen. The fund is looking to invest in 20-25 companies, having already investment commitments in five, including the Finnish Reworks.
The goal for the fund size is 30 million dollars, which has been achieved. Investments have been collected mainly from gaming companies and private investors.