| Founded | 2020 |
|---|---|
| Closed | 2023 |
| Country | USA |
| Sector | Gaming |
| Total raised | $100M |
| Collapse type | Silent Shutdown |
| Founder | Teddy Cross, Jia Yin |
PlayCo
"The instant games unicorn raised $100M at $1B in 2020 and shut down before its games reached scale"
Quiet closure with no public announcement
Key Events Timeline
PlayCo was founded in 2020 by gaming veterans Teddy Cross and Jia Yin with the thesis that instant games — playable without downloading — would be the next platform shift in gaming, particularly in Asia where WeChat Mini Games had proven the model.
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