The Indian startup ecosystem has set a new record by bagging another round of funding in a few sectors like Climate tech, Travel, Aviation Tech, Retail Apparel and Fashion, Chemical Manufacturing & Digital Entertainment marks another win for the startupreneurs by raising funds and updating the growth probability and standardizing the products and services. The week went by successfully witnessing funds in every stage of funding from Pre-Seed, Pre-series, Seed, Series C, & others.

Funding News: PlaysOut Raises $7 Million to Expand Blockchain-Powered Mini-Game Ecosystem

Startup: PlaysOut

Founder: Jassem Osseiran and Jimmie Jeremejev

About us: PlaysOut is transforming the global digital landscape by integrating mini-games into super apps, in collaboration with Tencent Cloud and other top platforms. We offer our own mini-game platform, similar to a ‘mini-game Steam’, alongside an easy-to-use SDK, giving developers seamless access to a vast library of engaging mini-games. Aligned with the Weixin (WeChat) Mini-Program framework, our platform empowers developers with advanced Web3 tools to scale their content and drive user engagement.

Founded Year: 2024

Office: UAE

Sector:  Mini-game sector

Funding Round: Seed funding

Investors: KBW Ventures

PlaysOut, a UAE gametech startup, has raised $7 million in a seed funding round led by KBW Ventures, with OKX Ventures and Pacific Century Group joining in. The investment places the company at a valuation of $70 million and will be used to fund PlaysOut's expansion into new markets, development of its mini-game ecosystem, and strategic partnerships.

PlaysOut is a company launched in 2024 by Jimmie Jeremejev and Jassem Osseiran. The company offers an interface that can be used to embed mini-games into messaging and social media applications like YouTube, Discord and Telegram. A mini-game engine and software development kit (SDK) are the services provided by the company through which developers are able to seamlessly integrate interactive games into their services. PlaysOut uses blockchain for increased user involvement and secure online transactions.

Website: https://www.playsout.com/