Ludus Ventures has led a $1 million funding into fledgeling cell video games developer Midas Video games because the studio prepares to unfold its wings and launch its first video games.
As a consequence of launch within the second half of the 12 months, the debut titles are anticipated to be skill-based and aggressive. These video games will come from the collective minds and expertise of its founders Hikmet Duran, Mert Ulutaş, Emre Öztürk, Selçuk Korateş, Fatih Karadeniz and İlkim Ülgen.
A wealth of expertise
Three of Midas’ founders – Duran, Ulutaş and Öztürk – beforehand labored collectively at Gigantic Video games and helped the corporate attain 25 million installs. Now they kind the skeleton of Midas’ recreation manufacturing crew, hoping to show their very own titles into gold with the “legendary Midas contact”.
Korateş, in the meantime, holds CEO duties at Midas after senior roles at Pepsi, Coca Cola and Zynga subsidiary Rollic.
Karadeniz has greater than twenty years’ expertise in software program growth and is due to this fact within the CTO function at Midas, along with his background together with main technical infrastructure growth on Turkey’s largest cell advertising and marketing platform.
Lastly, Ülgen has a background in IT and cell recreation legislation, and due to this fact oversees Midas’ authorized subject.
“We intention to present our gamers the perfect gaming expertise by rewarding talent, technique, and perseverance in our video games. We’re very conscious of the potential available in the market, we’re originally of the interval when many issues will change within the gaming trade,” stated Korateş.
“Our enterprise accomplice, Ludus, helps us in each side, guaranteeing that our focus stays solely on recreation growth and including momentum to our enterprise. We’re pleased to cooperate with Ludus to attain our targets.”
The $1 million funding marks Ludus Ventures’ first funding of the 12 months and its first-ever from its second fund. Ludus accomplice Mehmet Ayan commented:
“As Ludus Ventures, we’re excited to make the primary funding of our second fund to Midas, which is without doubt one of the most essential elements within the Turkish recreation trade’s prominence within the worldwide market, strengthening its younger and dynamic group construction with skilled members that we had the chance to work inside completely different tasks in earlier years, to assist its journey to carry its revolutionary concepts to recreation lovers all around the world.”
We spoke with Ludus Ventures’ İsmet Gökşen final 12 months to get an investor’s view of the cell market in Turkey.