Interplay is a New York-based venture capital firm founded in 2012, specializing in early-stage investments across various sectors, including B2B marketplaces, vertical software, and technology-enabled businesses. The firm focuses on Seed and Series A stages, providing capital ranging from $500K to $3M per investment. Interplay's investment philosophy centers on supporting companies with demonstrated financial and operational fundamentals, such as a scaling customer base and early product-market fit.

The firm's portfolio includes notable companies like Aterian, Coinbase, Coursehorse, Jellysmack, Nodal, and Warby Parker. In November 2023, Interplay closed its third fund, raising $45 million, bringing its total assets under management to $150 million. This fund aims to invest in 20 companies, with capital injections ranging from $1 million to $2 million per check, while reserving additional funds for follow-on deals.

The firm's consistent team of general partners, including founder and Managing Partner Mark Peter Davis, Kevin Tung, and Mike Rogers, have been investing together for over eight years and 50 deals. Interplay also distinguishes itself by offering significant value to its portfolio companies through its studio, which enables it to incubate and start companies, expanding its reach and creating a strong deal flow. The firm's geographic focus includes the United States, Canada, and Latin America.