Domestic gaming startup Ace Games received an investment of $25 million from game studio Playtika.
Istanbul-based gaming startup Ace Games has received an investment of $25 million from Playtika, which develops casual games. We shared with you that Ace, who made a name for himself with the game Fiona’s Farm, received an investment of $7 million with a valuation of $25 million last year.
Based in Istanbul, Ace Games was founded in 2020 under the leadership of Hakan Bas and Emre Ovacik. The startup, which has been invested by NfX and Actera, is working on the global launch of its Match-3 focused game Fiona’s Farm.
Founded in 2010, Playtika becomes one of the first companies to offer free-to-play social games on social networks and soon on mobile platforms. The game studio, headquartered in Israel, went public last year with a valuation of $11.4 billion.
Robert Antokol, CEO of Playtika, said, “Playtika continues to unleash high growth potential gaming IP in cost-effective ways. Our investment in Ace Games is a pivotal moment in the implementation of our new game investment strategy. The talented team at Ace has developed a best-in-class product in the ‘Match-3 and Meta’ game model. We will support Ace by leveraging our leadership in Playtika, advanced monetization and game operations in mobile games.”
Ace founder Hakan Bas said, “Playtika has an unrivaled reputation for delivering superior in-game experiences, scaling mobile games to global dominance in their category. We are excited to work with Playtika as an investor and partner that will help us continue to transform this game and possibly others into leading mobile game franchises.”
With the investment, the startup plans to develop new games and to launch the current Fiona’s Farm game globally.
Source: Egirisim / Translated by Irem Yildiz