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

Gaming technology startup PlaysOut is considering raising as much as $15 million in new equity financing at a valuation topping $150 million, according to people familiar with the matter.

The company has begun talks with prospective investors including Middle Eastern sovereign wealth funds and some top-tier venture capital firms globally, the people said. PlaysOut may use the proceeds to boost its commercialization efforts, they said.

Considerations are ongoing and details could still change, per the people, who asked not to be named as the information is not public.

PlaysOut declined to comment.

PlaysOut’s platform and infrastructure tools allow mini-games to ...