News

Mobile gamer-focused chat platform Plexchat secures $7 million investment

Date Type Companies involved Size
July 20th, 2017 investment Plexchat $7m
Mobile gamer-focused chat platform Plexchat secures $7 million investment

Mobile communication platform Plexchat has raised a seed funding round of $7 million.

The investment will go into the Plexchat chat app designed specifically for mobile gamers and communities.

Features of its app include community building tools, embedded wikis, chatrooms that provide tools specific to certain games, and various messaging features.

Building bridges

The funding round was led by Raine Ventures, and also included First Round Capital, Dream Incubator, Lumia Capital, Macro Ventures, Singularity Ventures and Hany Nada.

Raine Ventures Managing Partner Gordon Rubenstein will also join Plexchat’s board of directors.

"The lack of community is an existential crisis for mobile games," said Plexchat CEO Shawn Foust.

"This industry needs connective tissue, between games and between players, to thrive. Our job is to be the communication conduit that builds these bridges before the industry is hollowed out by performance marketing. Raine and our other investors clearly have the ability to help us do just that."


Senior Editor

Craig Chapple is Senior Editor of PocketGamer.biz. He was previously Deputy Editor at Develop and Online Editor at Nintendo of Europe.

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