Profile
Playground Global is a venture capital firm based in Palo Alto, founded in 2015 by Peter Barrett, Bruce Leak, and Matt Hershenson, with Andy Rubin having departed in 2019. The firm is run by four general partners: Peter Barrett, Bruce Leak, Jory Bell, and Pat Gelsinger, the former CEO of Intel and VMware who joined in 2025. They bring deep technical expertise from their experience in software, hardware, and semiconductor industries, making Playground a distinct choice for deep-tech investments.
Playground Global specializes in early-stage investments in deep-tech sectors, focusing on next-generation compute, automation and robotics, energy transition involving advanced nuclear power and modular reactors, and AI-augmented biology. The firm typically invests as a lead or first investor in pre-seed to Series A rounds, with historical investments suggesting multi-million-dollar check sizes. Total assets under management amount to $1.7 billion across its four flagship funds.
Notable portfolio companies include PsiQuantum - utility-scale quantum computing, Agility Robotics - humanoid robots, Ayar Labs - silicon photonic interconnects, d-Matrix - AI inference silicon, and NextSilicon - reconfigurable compute. Past successful exits include MosaicML, acquired by Databricks for $1.3B, and eero, acquired by Amazon. Playground's portfolio focus gives them a strategic advantage in attracting follow-on capital and technical founders.
Industry
Playground Global Funds
| Name | Type |
|
|
|
Size | AUM | Launch date |
|---|---|---|---|---|---|---|---|
|
Playground Global Fund I
|
Venture Capital (VC)
|
Aerospace
Biotechnology
Healthcare Services
Robotics
Technology
Infrastructure
Deeptech
|
Pre-seed
Seed
|
North America
Europe
|
$5-10 m
|
$300 M
|
August 2015
|
|
Playground Global Fund II
|
Venture Capital (VC)
|
Aerospace
Healthcare Services
Industrial
Robotics
Infrastructure
Deeptech
|
Pre-seed
Seed
|
North America
Europe
|
$5-10 m
|
$450 M
|
October 2018
|
|
Playground Global Fund IV
|
Venture Capital (VC)
|
Aerospace
Robotics
Technology
Infrastructure
Biotechnology
AI
Energy
Internet of Things (IoT)
Semiconductors / Chips
Quantum Computing
|
Pre-seed
Seed
Series A
|
North America
Europe
|
$5-10 m
|
$475 M
|
April 2026
|
|
Playground Ventures Fund III
|
Venture Capital (VC)
|
Healthcare Services
Robotics
Security
Software
Transportation
Energy
HealthTech
|
Pre-seed
Seed
|
North America
|
$5-10 m
|
$410 M
|
December 2023
|
Contacts
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