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Turkish Mobile Gaming Company Raises $3.2M

Cypher Games recently announced the company had closed a $3.2 million pre-seed funding round to develop casual mobile games. According to CEO Anil Simsek, this money will help expand the Cypher Games team sixfold by early 2023. These funds will also help with the development of the organization’s first game.

Play Ventures led this funding round. Additional investments came from 500 Global, Joakim Archén (Founder of Next Games), and Akin Babayigit (Founder of Tripledot Studios).

Founded this past March, Cypher Games is one of many companies in Turkey developing casual mobile titles. After the organization launches its first game next year, it plans on opening a new office in Berlin to give employees the chance to work from anywhere they wish.

“Turkey has a huge talent base potential and we are rewarding a sizable stock option pool for our colleagues,” Simsek said. “We believe in the cooperative success with involvement on equal grounds instead of a me-oriented approach. Therefore, we want our colleagues to be shareholders at our firm.”

(All information was provided by VentureBeat)

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