PlaySafe ID has raised $1.12 million in a pre-seed funding round to develop a cross-platform digital identity verification solution for the gaming industry, addressing issues such as cheating and child safety.

Target Information

PlaySafe ID, a UK-based gaming company, is at the forefront of developing an innovative digital identity verification solution tailored for the gaming industry. With a focus on creating a secure identity layer, PlaySafe ID addresses critical issues such as cheating, toxic behavior, and child safety that have become rampant within the gaming community. The company is currently raising $1.12 million in a pre-seed funding round, alongside prominent investors including Early Game Ventures, Overwolf, Velocity VC, and Heartfelt VC.

Recognizing the urgency of implementing a unified digital identity system, PlaySafe ID aims to create a cross-platform verification mechanism that ensures player safety and integrity across diverse gaming environments. Their approach features quick, 30-second Know Your Customer (KYC) onboarding facilitated by Onfido, establishing credible user profiles while maintaining anonymity.

Industry Overview in the UK

The global gaming market, valued at approximately $184.3 billion in 2024, comprises over 1.3 billion players across PC and console platforms. However, this thriving industry faces significant challenges from organized crime,