A $32 million seed round for Chris DeWolfe’s next gaming biz defies 2023 trends

A $32 million seed round may seem like a throwback to frothier times like . . .2021. But that’s how much PLAI Labs just raised in a deal led by Andreessen Horowitz (a16z).
It seems like a lot of moolah in a volatile market, even coming as it does from two separate a16z’s funds: the firm’s $600 million debut games vehicle and its $4.5 billion crypto fund, both of which were announced last May.
Then again, PLAI Labs checks all the boxes on VCs’ wish lists.
First and foremost, the L.A.-based outfit was founded by veteran tech entrepreneurs Chris DeWolfe and Aber Whitcomb.

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