# PlayCanvas

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/playcanvas

- Industry: Software
- Headquarters: London, UK
- Website: www.playcanvas.com
- Total disclosed funding: $0.6M
- Latest round: Seed (Nov 19, 2014)
- Investors on record: 2

## About

PlayCanvas is a WebGL game engine enabling the creation of interactive 3D content. It provides collaborative development tools and is used by various industries to design engaging applications and visualizations.Founded in 2011 in London, UK, PlayCanvas specializes in a WebGL game engine for 3D content development. The company was co-founded by David Evans and Will Eastcott, with Eastcott currently serving as CEO. In November 2014, PlayCanvas raised USD 0.47 mn in Seed funding from DC Thomson Ventures, bringing the total amount raised to USD 0.47 mn. The company has completed 3 funding deals to date.PlayCanvas primarily offers a WebGL game engine that supports interactive 3D content creation. Its flagship product includes glTF™ 2.0 support and Draco Mesh Compression, ensuring swift loading times and high performance across various devices. The engine features collaborative tools like integrated chat and version control, catering to game developers and businesses in entertainment, automotive, and e-commerce sectors. PlayCanvas distributes its products globally, focusing on North America, Europe, and Asia.In 2022, PlayCanvas reported a revenue of USD 855,808.4, with an EBITDA of -USD 425,071.8. The revenue model is based on subscriptions providing access to development tools and services, allowing businesses to efficiently develop and deploy projects. Partnerships with advertising firms also contribute to revenue through embedded advertising features in applications. The open-source approach under the MIT license enhances community engagement and market presence.Going forward, PlayCanvas intends to develop new products to enhance its offerings further but has not disclosed specific timelines for these launches. The recent funding acquired in November 2014 is expected to support these initiatives, although detailed plans for market expansion or new geographic regions have not been mentioned.

## Funding rounds

- Seed, Nov 19, 2014, $0.5M — DC Thomson Ventures
- Seed, Jul 2, 2013, $0.1M — Techstars

## Investors

- Techstars (https://capitalatlas.ai/funds/techstars) — Seed
- DC Thomson Ventures (https://capitalatlas.ai/funds/dc-thomson-ventures) — Seed