Tencent Partner PlaysOut Said to Eye Funds at $150 Million Value

Tencent-backed gaming technology startup PlaysOut is reportedly exploring a new round of equity financing that could raise up to $15 million. The company is said to be targeting a valuation exceeding $150 million for this potential fundraising effort. PlaysOut is a technology company that provides solutions and services to the gaming industry. It has established a partnership with Chinese tech giant Tencent, leveraging the latter's resources and expertise in the gaming sector. The reported fundraising plans come as PlaysOut aims to further expand its business and strengthen its position in the rapidly evolving gaming technology market. The additional capital could be used to drive product development, enhance its platform capabilities, and potentially explore new market opportunities. While the details of the fundraising are still unconfirmed, the reported valuation of over $150 million suggests that investors see significant growth potential in PlaysOut's business model and technology offerings.