United States · 
Who invested in Cypher Games?
Cypher Games's investors include Play Ventures, Raine Ventures, 500 Global, 500 Emerging Europe and Riccardo Zacconi, and 5 more on record. Play Ventures led its latest round.
2025
$10MSeed$30MSeries A
United States · Series A startup
Who invested in Cypher Games
2 rounds we have observed, with the 10 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.
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Funding summaryUpdated 5 Nov 2026
$40Mraised across 2 rounds since 2024, from 2 sources
$10MSeed$30MSeries A
- Latest round
- Series A, $30MOct 2025
- Led by
- Play Ventures and Raine Ventures
- Step-upi
- 3×
- Investors
- 10 (2 led)
The funding story
Each circle is a round, placed by date and sized by amount. The line above is the running total.
- First round
- Seed, $10M Sept 2024
- Biggest round
- $30M Series A · Oct 2025
- Between rounds
- 13 months from the last two
The rounds
- Oct 2025Series A$30M6 new3 returning
Play VenturesLead
Raine VenturesLead
500 Global- Riccardo Zacconi
Big_bets
E2vc- Akin Babayigit
- Humam Sakhnini
- MIT
Reported by VentureburnSEC filing: $21M sold, first sale Aug 2025
- Sept 2024Seed$10M4 new
Source recordedSEC filing: $8.8M sold, first sale Aug 2024
Who was in which round
The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.
Everyone who backed them
Missing a round, or an investor who was in one? Tell us.
Also claim to have backed them
This firm lists Cypher Games as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above.
Quick answers about Cypher Games
How much has Cypher Games raised?
Cypher Games has raised $40M across 2 rounds since 2024.
When did Cypher Games last raise?
Cypher Games's most recent round was a Series A of $30M in Oct 2025, led by Play Ventures.
What was Cypher Games's biggest round?
Its most recent round, $30M in Oct 2025, is also its largest on record.
Who backed Cypher Games first?
Cypher Games's first round on record, in Sept 2024, was backed by 500 Global, Play Ventures and Raine Ventures and 1 others.
What stage is Cypher Games at?
Cypher Games's latest named round is a Series A, in Oct 2025.
Where is Cypher Games based?
Cypher Games is based in the United States.
Who led Cypher Games's rounds?
Play Ventures led the Series A in 2025.
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