Playground Global Secures $410M for Early-Stage Deep Tech Investments in Fund III

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Playground Global, the storied early-stage venture capital firm, brought in $410 million in capital commitments for its Fund III to invest in early-stage deep tech and science companies. With Fund III, similar to its $500 million Fund II raised in 2017, capital deployments in Fund III will focus on seed and Series A companies with initial investments ranging from $1 million to $20 million. For Fund III, we broadened our LP base to include endowments, foundations, and single and multifamily offices. When we founded Playground, our team was purpose-built to help develop both consumer technologies and deep tech companies. We’ve been investing in deep tech companies since we founded Playground, with PsiQuantum being one of our very first investments.