Funverse Games, which develops mid-core PC, mobile and console games with a team of more than 50 people, received a share-based investment at a valuation of $6 million by the investment group, which includes Weplay Ventures, Alfin VC, Yildiz Tekno GSYO, Mediterra Capital partner Orhan Ayanlar, Astas Holding Business Development Executive Burak Asci and a few more unnamed investors.
Having completed its investment target by 80%, Funverse Games continues negotiations for the remaining part of its target.
This investment will be used for the development and marketing of the games and technologies developed by the company. Funverse Games CEO Tolga Ozturk said the following about the subject: “We are very happy to announce one of the first investments of 2023. This year, we have shown and continue to show how well Turkish game companies are doing to very important investors in the world. Blockchain and gaming sectors are of great importance for Turkiye. At Funverse, we are engaged in R&D activities during the production and development of these technologies. We will be launching our products from February and you will hear much more news from Funverse in 2023”
Funverse Games was ranked 3rd in the list of Best Startups in Turkiye compiled by LinkedIn in 2022. The company is currently developing Hit and Boom game in MOBA and Battle Royale genres with blockchain integration. The game, which started Closed Alpha tests last year, is preparing for Open Beta tests.
Source: Egirisim / Translated by Irem Yildiz
