Freeplay AI Secures $5.6M in Funding, Expands Accessibility with New Free Tier
Deal News | Jun 03, 2025 | Matchstick Ventures LLC
Freeplay AI has announced a new funding round of $5.6M, led by Renegade Partners, bringing the total amount raised to $8.9M. This funding supports the full launch of Freeplay, an AI platform that offers tools for prompt management, experimentation, and data review. Freeplay, which started development in 2022, aims to assist software teams in integrating AI more efficiently. The platform has been integral to various high-profile companies by enhancing processes like observability, evaluation, and production pipelines management. Participants in this funding round apart from Renegade Partners include Conviction, Matchstick Ventures, and other industry veterans. Alongside the funding, Freeplay has expanded its team in Colorado and continues to hire, aiming to reach more enterprises and accelerate their AI product development capabilities.
Sectors
- Artificial Intelligence
- Venture Capital
- Software Development
Geography
- United States – Freeplay AI is based in Colorado, and the funding involves various U.S.-based investors and entities.
Industry
- Artificial Intelligence – The article discusses new tools and funding aimed at improving AI integration and product development, highlighting Freeplay AI's role in AI technology.
- Venture Capital – Involves funding from various venture capital firms, including Matchstick Ventures and others, to support the growth of an AI company.
- Software Development – Freeplay AI's tools are designed to support software development teams in integrating AI into their products, marking an important intersection with this industry.
Financials
- $5.6M – The amount raised in the latest funding round led by Renegade Partners for Freeplay AI.
- $8.9M – The total amount raised by Freeplay AI to date, including the latest funding round.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Freeplay AI | Target Company | Company | An AI platform providing tools for prompt management and AI product development. |
| Renegade Partners | Lead Investor | Company | A venture capital firm that led the latest funding round for Freeplay AI. |
| Matchstick Ventures LLC | Previous Investor | Company | A venture capital firm that had previously invested in Freeplay AI and participated in the new funding round. |
| Conviction | Investor | Company | A venture capital firm participating in the funding of Freeplay AI. |
| Next Frontier Capital | Investor | Company | Contributed to the funding round for Freeplay AI. |
| PWV | Investor | Company | Participated in the funding round, led by Tom Preston-Werner, co-founder of GitHub. |
| Vermillion Cliffs Ventures | Investor | Company | An investing entity that participated in Freeplay AI's funding round. |