[Funding alert] Midas Games Secures $1 Million in Pre-Seed Funding

Friday 29, 2024 | By Startup Rise EU

  • Midas Games creates competitive, skill-based games and plans.
  • Midas Games ,their goal is for their customers to enjoy an unmatched gaming experience while playing their games, which are made to be as competitive and exciting as possible.
Midas Games secures $1million in pre-seed funding led by Ludus Ventures. Midas Games develops skill-based and competitive games.

Midas Games secures $1million in pre-seed funding led by Ludus Ventures. Midas Games develops skill-based and competitive games.

The founders of the company are Selçuk Korateş, Hikmet Duran, Fatih Karadeniz, Mert Ulutaş, Emre Öztürk, and İlkim Ülgen, who have backgrounds in publishing, software development, game law, and mobile game development.

The group at Gigantic Games decided to come together as Midas Games after reaching an incredible 25 million downloads together.

Read also - London-based Oriole Networks Secures £10Million in Seed Funding

Previously, CTO Fatih Karadeniz oversaw the construction of the technical framework for Turkey's largest mobile marketing platform as well as the establishment of the first online divisions of stock exchange brokerage firms.

Midas Games, co-founder CEO Selçuk Korateş worked at Rollic, which was acquired by Zynga, "We aim to give our players the best gaming experience by rewarding skill, strategy, and perseverance in our games. We are very aware of the market's potential. We are at the beginning of a period when the gaming industry will undergo many changes. The factor that will make this potential real will be the power of the team and innovative approach. We have built our team on this scale and will use our industry experience to develop scalable games and reach millions of people in this market which is developing globally. Our business partner, Ludus, helps us in every aspect, ensuring that our focus remains solely on game development and adding momentum to our business. We are happy to cooperate with Ludus to achieve our goals."

Early in the year, Ludus Ventures, a Turkish VCIF, announced the launch of "Tera Portföy," its second fund. This year's initial investment is in Midas Games.

Mehmet Ayan, Partner at Ludus, shared: "As Ludus Ventures, we are excited to make the first investment of our second fund in Midas. The company raises the Turkish game industry's prominence in the international market, strengthening its young and dynamic team structure with experienced members with whom we had the opportunity to work on different projects in previous years."

About Midas Games

Midas Games are honoured to reinterpret the significance of the fabled Midas touch. Their goal is for their users to play their games, which are made with the utmost fun and competitiveness, an unparalleled experience.

Read also - London-based Metaview Secures €6.4 million in Funding

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