HomeUSAPlayground Global Raises $410M to Invest in Deep Tech and Science Companies

Playground Global Raises $410M to Invest in Deep Tech and Science Companies

Bruce Leak, Peter Barrett, Jory Bell of Playground Global
Bruce Leak, Peter Barrett, Jory Bell of Playground Global

Playground Global, a Palo Alto, CA-based early-stage venture capital firm investing in entrepreneurs who have developed breakthroughs in frontier technologies, raised $410m in new capital for Fund III.

This brings the firm’s assets under management to more than $1.2 billion.

Founded in 2015 and led by General Partners Matt Hershenson, Laurie Yoler, Bruce Leak, Peter Barrett, and Jory Bell, Playground Global is an early-stage venture firm investing in transformative technologies and founders building category-defining businesses across deep tech and science, including automation, infrastructure, engineered biology, and decarbonization. It has been an early – and frequently the first investor – in companies like PsiQuantum, Relativity Space, Ultima Genomics, MosaicML, d-Matrix, Strand Therapeutics, and Universal Hydrogen.

Capital deployments in Fund III will focus on Seed and Series A companies with initial investments ranging from $1 million to $20 million across next-gen computing, logistics, automation, infrastructure, decarbonization, and engineered biology. Playground has already made several investments from Fund III, including d-Matrix, Ideon Technologies, Amber Bio, Infinimmune, and Atomic AI, along with other portfolio companies operating in stealth.

The team includes over 40 people, many of whom have technical backgrounds and leverage their expertise to identify and support technology companies. The skills of the investment and technology teams are complementary to those of the operating and platform teams, which ensures support for areas including capital formation, business development, talent, and marketing at the earliest stages.

VCWire

14/12/2023