Istanbul’s Midas Games Secures $1 Million Investment Led by Ludus Ventures

Midas Games, founded by Selcuk Korates, Hikmet Duran, Fatih Karadeniz, Mert Ulutas, Emre Ozturk and Ilkim Ulgen, received an investment of $1 million under the leadership of Ludus Ventures.

Ludus Ventures, which announced its second fund established with Tera Portfolio as a Venture Capital Investment Fund at the beginning of 2024, made its first investment of this year with $1 million in Midas Games.

Founded by Selcuk Korates, Hikmet Duran, Fatih Karadeniz, Mert Ulutas, Emre Ozturk and Ilkim Ulgen, Midas Games has experience in mobile game development, publishing, software development and game law.

Continuing to rise in the last 2 years; Midas Games, which will produce games in the skill-based and competitive games category, aims to release its first games in the second half of 2024.

Hikmet, Emre and Mert, partners of the company; It also forms the skeleton staff of the game production. After working together for many years at Gigantic Games, where they reached a total of 25 million downloads, Hikmet Emre and Mert continue their collaboration at Midas Games. In the CTO role, Fatih Karadeniz, with over 20 years of software development experience, created the first internet branches of stock brokerage firms and led the development of the technical infrastructure of Turkiye’s largest Mobile Marketing platform. In this game category where talent and competition can turn into rewards; In the legal field, there is Ilkim Ulgen, one of the most expert names in the field of IT and Mobile Game law. Serving as the CEO of Midas Games is Selcuk Korates, who worked at Rollic company, which was sold to Zynga, for more than 3 years and has created many hit games.

Founding partner and CEO Selçuk Korates said;

“In our games; We aim to provide our players with the best gaming experience by rewarding talent, strategy and perseverance. We are very aware of the potential in the market, we are just at the beginning of a period in which a lot will change in the gaming industry. The factor that will make this potential real will be the strength of the team and the innovative approach. So we established our team on this scale. Our experience in the sector; We will use it to develop scalable games and reach millions of people in this market that has recently started to develop in the world. Our business partner, Ludus, helps us in every aspect, ensuring that our focus remains only on game development and adding momentum to our business. We are happy to collaborate with Ludus to achieve our goals.”

Ludus partner Mehmet Ayan said about their investment:

“As Ludus Ventures, we are excited to make the first investment of our second fund in Midas, which is one of the most important factors in the Turkish gaming industry’s rise to prominence in the international market, and which strengthens its young and dynamic team structure with experienced members with whom we had the opportunity to work on different projects in previous years.”

Source: Egirisim / Prepared by Irem Yildiz

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