UAE-based gametech startup PlaysOut has successfully raised US$7 million in a seed funding round, which has resulted in a company valuation of US$70 million. This funding will help PlaysOut enhance its offerings and expand its market presence.

The investors participating in this funding round include notable names such as OKX Ventures, KBW Ventures, and Pacific Century Group. Founded in 2024 by Jassem Osseiran and Jimmie Jeremejev, PlaysOut provides platforms with a mini-games engine and a software development kit (SDK) that grants access to a library of mini-games.

The startup plans to utilize the newly acquired funds to grow its mini-game ecosystem. It aims to establish strategic partnerships while targeting high-growth markets in the United States, MENA, and Asia. This initiative reflects the increasing interest and investment in gametech within the region.