Turkish Gaming Startup Midas Games Secures $1M from Ludus Ventures

Ludus Ventures, which launched its second venture capital fund with Tera Portföy earlier last year, has made its first 2024 investment by injecting $1 million into Midas Games in December. Founded by Selçuk Korateş, Hikmet Duran, Fatih Karadeniz, Mert Ulutaş, Emre Öztürk, and İlkim Ülgen, Midas Games specializes in mobile game development, publishing, software, and game law.

The company plans to release its first skill-based competitive game in the second half of 2024, targeting the rapidly growing category. The core production team includes Korateş, Öztürk, and Ulutaş, who previously collaborated at Gigantic Games, achieving 25 million downloads. CTO Fatih Karadeniz brings over two decades of software experience, while İlkim Ülgen provides expertise in gaming and IT law. Korateş, who previously worked at Rollic Games, now serves as CEO.

"We aim to reward skill, strategy, and perseverance in our games, offering players an unparalleled experience," said CEO Selçuk Korateş. "We believe in the market's potential and are excited to leverage our expertise to develop scalable games for millions globally."

Mehmet Ayan of Ludus Ventures expressed excitement about backing Midas Games, praising its innovative team and commitment to delivering cutting-edge gaming experiences to international markets.

Source: egirişim