PlayCanvas raises seed round led by DC Thomson Ventures

19th November 2014
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PlayCanvas, the cloud-hosted games development platform, has raised a £300,000 seed round led by DC Thomson Ventures, the venture capital arm of the family-owned media group DC Thomson.

The investment comes as PlayCanvas records its 20,000th registered developer.

PlayCanvas was founded in 2011 and is the world’s leading WebGL game engine and tools provider. It is the first cloud-hosted game development platform aimed at changing the way video games are built, shared and played and the company’s online collaborative platform is used by developers, artists and designers to create 3D games and content.  PlayCanvas’ 3D engine powers both games and interactive experiences that work plugin-free on every device.

The company has garnered widespread recognition across the industry having won best European Startup at Startup AddVenture in 2013.  It also made the shortlist for the Technical Innovation award at the Develop Awards 2014 and was a finalist at the 2014 SXSW Accelerator.

PlayCanvas is currently working with clients including Activision, ARM and Mozilla and for the last seven months has been based out of IDEALondon, the startup incubator founded by DC Thomson in conjunction with Cisco and UCL.

PlayCanvas Co-founder and CEO Will Eastcott said, “I am delighted to welcome DC Thomson Ventures on board as a PlayCanvas investor.

“Having invited us into IDEALondon, a state-of-the-art innovation centre, DC Thomson Ventures has been with us every step of the way.  In the past six months, we’ve grown our team from four to 10, launched our payment plans and quadrupled our user base.  Through all of this, DC Thomson’s support and advice has been absolutely invaluable.”

DC Thomson Ventures Principal Nick Verkroost said, “Will and Dave are two highly accomplished founders bringing a wealth of experience from their time in the games industry. They have a clear vision of what the developer community needs as the industry fragments into smaller nimbler teams, and we’re delighted to be joining them on the journey.”