Sep 10, 2024

Turkish Company Cypher Games Secures $10M Investment Led by Raine Group 10/09/2024 Cypher Games Secures $10M Investment to Scale Global Operations Turkish gaming company Cypher Games has successfully raised $10 million in a seed funding round led by Raine Group. This significant investment will help the company double its workforce and prepare for the global launch of its first match-3 game, slated for release in the first half of 2025. Investors Join Forces with Cypher Games In addition to Raine Group, several prominent investors participated in this funding round, including: Play Ventures Humam Sakhnini (Former Vice Chairman of Activision Blizzard and King) Akin Babayiğit (Founder of Tripledot Studios) Barry Cottle (Former CEO of Light & Wonder) Cypher Games is strategically positioning itself to enter the global mobile gaming market with its upcoming match-3 game, a genre that has gained immense popularity in recent years. The company’s focus on high-quality production and innovative game mechanics is expected to make a significant impact on the competitive gaming landscape. Related Articles Expanding the Team and Accelerating Growth Cypher Games CEO and Co-founder Anıl Şimşek expressed his excitement about the investment, stating, “For the past two years, we’ve been focused on defining and developing the right product. Now, with this funding, we can accelerate our entry into the global market.” This investment will be used to double the size of the team and ramp up production efforts ahead of the game’s 2025 launch. The company plans to bring on new talent to ensure their first game sets a new standard in the match-3 genre. Confidence in the Mobile Gaming Industry Şimşek also highlighted his confidence in the growing potential of the mobile gaming industry, emphasizing the dynamic nature of user expectations: “User expectations are constantly evolving with technological advancements and increased interaction. Players are demanding more than just flashy, fun worlds; they want to engage with other users. We believe that when the right ideas are executed to perfection, success is inevitable.” This belief underscores Cypher Games’ commitment to creating high-quality mobile games that are designed to keep players engaged for many years. Taking Inspiration from Pixar One of the most interesting aspects of Cypher Games’ development process is the inspiration it draws from Pixar Animation Studios. Şimşek noted, “We take inspiration from Pixar in how we approach the vibrancy of our environments and the emotional connection players build with the characters in our games. Our goal is to create games that players will enjoy for 5-10 years.” This dedication to creating immersive and emotionally engaging experiences sets Cypher Games apart from many competitors in the mobile gaming space. Investor Confidence in Cypher’s Vision The investment from Raine Group and other prominent figures in the gaming industry highlights the growing confidence in Cypher Games’ vision. Raine Group Co-founder John Salter shared his excitement: “We are thrilled to be partnering with such a talented team at Cypher Games. With our experience in the gaming industry and global network, we look forward to helping their new products revolutionize the interactive entertainment space.” Similarly, Akin Babayiğit, Co-founder of Tripledot Studios and a key investor, added, “I am incredibly proud of what Anıl and the Cypher team have achieved so far. With their passion for quality and the strong group of investors around the table, I am excited for the new opportunities ahead.” A New Era for Cypher Games Cypher Games is poised for significant growth, both in terms of team expansion and product development. As the company prepares for the launch of its first global title, it is clear that their dedication to quality and innovation is resonating with investors and industry leaders alike. This investment marks the beginning of a new chapter for Cypher Games, as they set their sights on becoming a major player in the mobile gaming world. Source: Egirisim / Prepared by Irem Yildiz Tags