Pink Games, a hyper casual game studio that was founded by Zeynep Gurkan and Alp Gurbuzer and develops HTML5-based games, is getting an investment of $22.9 million.
Pink Games, the hyper-casual game studio that was founded by Zeynep Gurkan and Alp Gurbuzer and develops HTML5-based games, receives an investment of $22.9 million, according to the information on the KAP. The said statement was made by Alesta Investment to the Public Disclosure Platform. The following statements were used in the statement:
According to the information received from our affiliate Alesta Electronic Technology Investment Inc.; In line with our investment strategy in early-stage technology startups with high growth potential, it was decided to participate in Pink Games Game Technologies Inc. at a valuation of ₺22,848,000, with a 4% stake and an option to acquire an additional 1.6% share from the same valuation.
It is currently unclear when the investment will be completed or which other companies are participating in the investment round. The company received its first investment last December, with a valuation of $1.2 million. In addition to Alesta Investment, Geometry Venture Development and an individual investor also took part in the said investment round.
We will continue to inform you as details regarding the new investment become available.
