PvX Partners Secures $3.8M Seed Funding to Boost Game and App Financing
Deal News | Mar 11, 2025 | Play Ventures Oy
PvX Partners, a finance platform, has secured $3.8 million in seed funding aimed at scaling its operations, starting with PvX Capital. The round was co-led by Play Ventures and General Catalyst, supported by angel investors. PvX Partners aims to provide fast and flexible finance to gaming and consumer app startups without requiring them to dilute ownership. The company's founders, including CEO Joe Wadakethalakal, leverage extensive experience in games and finance to offer a unique financing model combining equity's flexibility with debt's efficiency. This model is poised to address current challenges in growth equity by providing rapid and scalable financing solutions that suit the needs of founders.
Sectors
- Finance and Investments
- Gaming and Mobile Apps
Geography
- Global – The focus on consumer applications and games suggests a potentially wide-reaching, international market spread for PvX Partners' services.
Industry
- Finance and Investments – The article discusses PvX Partners raising a seed fund to provide financing solutions, placing it in the financial services and investment sectors.
- Gaming and Mobile Apps – PvX Partners specifically targets games and consumer apps for its cohort financing, making the gaming and mobile app industries relevant.
Financials
- $3.8 million – The amount raised by PvX Partners in the seed funding round.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| PvX Partners | Target Company | Company | A finance platform providing cohort financing to help games and consumer apps scale up. |
| Play Ventures | Investor | PE Firm | Co-led the seed funding round for PvX Partners and is involved in providing funding for growth. |
| General Catalyst | Investor | Company | Co-led the seed funding round with Play Ventures for PvX Partners. |
| Michail Katkoff | Angel Investor | Person | A contributing angel investor in the seed funding round for PvX Partners. |
| Matej Lancaric | Angel Investor | Person | A contributing angel investor in the seed funding round for PvX Partners. |
| Joe Wadakethalakal | CEO | Person | Chief Executive Officer and co-founder of PvX Partners, leveraging experience in gaming and finance. |
| Ridzki Syahputera | Co-Founder | Person | Co-founder of PvX Partners with experience in the gaming and finance sectors. |
| Zhen Jie Sim | Co-Founder | Person | Co-founder of PvX Partners with professional background in gaming and finance. |
| Kenrick Drijkoningen | General Partner | Person | General partner at Play Ventures, involved in the investment in PvX Partners. |