Funverse Games Receives Investment at $6 Million Valuation

Funverse Games received an investment at a valuation of 6 million dollars. Mobile game startups are among the most invested in the startup ecosystem. Funverse Games, a local console, Mid-core PC and mobile game developer, was added to this investment. However, the total amount of investment Funverse Games received was not disclosed.

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Funverse Games to Develop and Market New Games

Alfin VC, Mediterra Capital partner Orhan Ayarlar, Weplay Ventures, Yıldız Tekno GSYO and Burak Aşçı from Astaş Holding participated in the round in which startup received investment over 6 million valuation. It was also stated that another unnamed investor participated in this investment round. It announced that they have completed 80 percent of their investment targets. They announced that negotiations are ongoing for the remaining 20 percent. The famous game developer company will use the investment for the development and marketing of the technology and games they are working on.

The company is working on game development. It is also developing blockchain-integrated Battle Royale-like Hit and Boom and MOBA games. The company will launch its products in February. Tolga Öztürk, CEO of Funverse Games, stated that they are very happy to share the first investment of 2023 with the public. He said that with this development, they have clearly shown to important global investors that Turkish game companies can do excellent work. According to Tolga Öztürk, the gaming and blockchain sectors are vital for Turkey. Lastly, Öztürk emphasized that they are also engaged in R&D activities for the technologies they develop.