# PlaySpace

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

- Industry: Software
- Headquarters: Palma de Mallorca, Spain
- Website: www.playspace.com
- Total disclosed funding: $1.9M
- Latest round: Seed (Sep 5, 2012)
- Investors on record: 2

## About

Based in Spain, PlaySpace operates as an online gaming company, delivering engaging multiplayer experiences through mobile games on platforms like Facebook, Android, and iOS.PlaySpace, founded in 2011 in Palma de Mallorca, Spain, specializes in online gaming. The company has executed 4 deals, with its most recent funding round occurring on September 23, 2021. Founders Alfonso Chicharro and Troy Quinn have established a solid foundation for the company, which has raised a total of GBP 3.000 mn with its latest funding round led by Faraday Venture Partners.PlaySpace specializes in developing and publishing a diverse range of online games, primarily targeting mobile platforms such as Facebook, Android, and iOS. The company’s core offerings include popular games such as Dominoes, Parchis TEAMS, Buraco, Toma 2, and Chinchón, catering to various preferences within the gaming community. Each game is designed to foster social interaction, allowing players to compete against friends and other users, thereby addressing the growing demand for engaging multiplayer experiences. The products are available in multiple geographical markets, including Europe, Latin America, and North America, appealing to a broad demographic of casual gamers and enthusiasts. With a focus on mobile gaming, PlaySpace aims to create a vibrant community around its offerings, enhancing user experience through tournaments and competitive play.In 2022, PlaySpace generated revenue amounting to GBP 7,769,156.60 and reported an EBITDA of GBP 1,492,361.60 for the same year. The company generates revenue through a combination of in-game transactions and advertising partnerships, with users primarily engaging with the games on a free-to-play basis. Monetization strategies include in-app purchases for game enhancements, virtual currency, and premium features. PlaySpace actively collaborates with advertisers, integrating promotional content within the gaming interface, which contributes to its overall revenue stream.PlaySpace is focused on expanding its product portfolio and geographic reach. Plans include launching new game titles designed to enhance user engagement by the end of 2023. The company targets expansion into new markets, particularly in Asia and North America, by mid-2024. The recent funding of GBP 3.000 mn will be allocated to support these product developments and market penetration efforts.

## Funding rounds

- Seed, Sep 5, 2012, $1.9M — Faraday Venture Partners, PeopleFund

## Investors

- Faraday Venture Partners (https://capitalatlas.ai/funds/faraday-venture-partners) — Seed
- PeopleFund (https://capitalatlas.ai/funds/peoplefund) — Seed