Turkish gaming initiatives continue to gain value in the eyes of investors.
Istanbul-based mobile gaming startup, Cypher Games, has raised USD 3.2 million in a seed financing roadshow led by Singapore-based Play Ventures.
Among the investors in the latest financing round were 500 Global, Next Games, Elite Game Developers founder Joakim Achrén and Akın Babayiğit, an experienced investor.
“Turkey has a huge talent base potential and we are rewarding a sizable stock option pool for our colleagues. We believe in cooperative success with involvement on equal grounds instead of a me-oriented approach," Cypher Games CEO Anil Şimşek said.
Specialized in mobile puzzle games, Cypher Games previously developed Merge Barista for Zerosum Games, which was then bought by Rollic in 2021. The new investment will be used to increase the team size in the next two years to develop the first casual mobile merge game.