UAE-Based Gametech Startup Playgama Raises $3 Million in Funding

Playgama, a UAE-based gametech startup, has raised $3 million in a funding round led by The Open Platform and s16vc. Additional backing came from FJ Labs, The Games Fund, TON Ventures, and Kirill Eves, CEO and Founder of Unlimit.

Founded in 2023 by Dmitry Kachmar, Playgama offers an HTML5 games portal that helps developers monetize and distribute their games across various platforms, enhancing their reach and revenue potential.

“Playgama’s distribution network has the potential to reach over 200 million monthly active players - and this is just the beginning,” said Dmitry Kachmar, Founder of Playgama. “With this funding, we’ll accelerate further improvement of Playgama’s platform for developers, expand our toolkit, and introduce advanced analytics and fintech solutions.”

The gaming market in the Middle East, currently valued at $6.34 billion, is projected to grow to $10.69 billion by 2029, making it a prime environment for Playgama’s innovative approach. The startup is creating a Platform-as-a-Service (PaaS) ecosystem with tools and solutions that allow HTML5 game developers to access multiple platforms without the usual fragmentation. The company’s Playgama Bridge SDK, used by over 1,000 developers, is central to its strategy of simplifying game distribution.