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 a lot of moolah in a volatile market, even coming as it does from two separate a16z 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. The pair previously co-founded the once-hot social media platform MySpace (which originally sold to News Corp. for $580 million in 2005) and the mobile game studio Jam City.
The latter remains privately held, but after scrapping plans to go public through a special purpose acquisition compan …
