Ludus Ventures invests $1M in Turkish studio Midas Video games | Pocket Gamer.biz

Ludus Ventures has led a $1 million funding into fledgeling cellular video games developer Midas Video games because the studio prepares to unfold its wings and launch its first video games.

Attributable to 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 type 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 20 years’ expertise in software program improvement and is due to this fact within the CTO function at Midas, along with his background together with main technical infrastructure improvement on Turkey’s largest cellular advertising platform.

Lastly, Ülgen has a background in IT and cellular recreation regulation, and due to this fact oversees Midas’ authorized subject.

“We goal to provide our gamers one of the best gaming expertise by rewarding ability, technique, and perseverance in our video games. We’re very conscious of the potential available in the market, we’re at first of the interval when many issues will change within the gaming trade,” stated Korateş.

“Our enterprise companion, Ludus, helps us in each side, making certain that our focus stays solely on recreation improvement and including momentum to our enterprise. We’re completely happy to cooperate with Ludus to realize our objectives.”

The $1 million funding marks Ludus Ventures’ first funding of the 12 months and its first-ever from its second fund. Ludus companion Mehmet Ayan commented:

“As Ludus Ventures, we’re excited to make the primary funding of our second fund to Midas, which is among the most necessary elements within the Turkish recreation trade’s prominence within the worldwide market, strengthening its younger and dynamic workforce construction with skilled members that we had the chance to work inside totally different tasks in earlier years, to assist its journey to deliver its progressive 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 cellular market in Turkey.