PlayCanvas, a cloud-hosted games development platform, has secured £300,000 ($470,000) in seed backing from DC Thomson Ventures, the corporate venture capital arm of media firm DC Thomson.
The London-based startup, founded in 2011 by former executives from games publisher Activision and tech giant Sony, has been working with the corporate venturer over the past year after being invited seven months ago to IdeaLondon, an incubator founded by DC Thomson Ventures, tech firm Cisco, and University College London.
The firm now has 20,000 registered game developers, and has partnered with chip manufacturer and Cambridge spin-out Arm, web browser developer Mozilla, and Activision.
Will Eastcott, CEO at PlayCanvas, said: “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.”
