Turkish Mobile Developer Fortune Mine Games Secures $2M Seed Investment
Turkish mobile developer Fortune Mine Games has recently closed a seed investment round, raising $2M with Ludus Ventures as the lead investor. The studio, known for their focus on creating casual titles, has already achieved significant success with their soft-launched game, Cuisine Master – Coin Journey, which has generated over 400,000 downloads.
Ludus Ventures is a major player in the Turkish market and is committed to supporting the growth and success of Fortune Mine Games. İsmet Gökşen, the general partner of Ludus Ventures and a board member of Fortune Mine Games, expressed his confidence in the team, stating, “We are confident that they have gathered around a group of highly ambitious & collaborative people in the region and built upon a great culture to create another gaming industry success story from Turkey”.
Fortune Mine Games co-founder and CEO Deniz Korzay emphasized the company’s focus on building a unique culture and assembling a talented and dedicated team in the mobile gaming industry. The additional funds secured from the investment will be utilized to enhance and refine their current game, ensuring an enjoyable experience for casual gamers over the next 5 to 10 years. Additionally, the funds will support the further development of their data analytics, live-ops, and AI capabilities.
Investment Opportunity in the Turkish Market
The interest in the Turkish market from venture capital firms is not surprising. With numerous successful exits and a thriving mobile gaming industry, Turkey presents a lucrative investment opportunity. Ludus Ventures has been a long-time investor in the Turkish market and has made recent investments in Spektra Games and Paxie Games. Turkish Spyke Games has also gained recognition in the industry, securing a spot in the 2022 Top 50 Game Makers list. These investments and activities highlight the untapped potential of the Turkish market for mobile game startups and studios.