Turkish mobile game company Tiplay Studio raised $500,000 after a Series A venture funding round at a $25 million valuation!
The funding round was spearheaded by Re-Pie and brought together by top investors Kerim Kotan and Sarukhan Tan.
Tiplay Studio, founded in 2019, is the developer and publisher of hyper-casual mobile games Water Shooty, Joust Run and Dodge Master and currently employs about 40 developers.
The raised capital will expand a team and further develop projects.
We are proud that so many outstanding investors have recognized our progress and supported our vision of building a better ecosystem for game development. This investment will strengthen our studios and accelerate our work across genres and platforms, ultimately leading to exciting new games.Mehmet Umut Ermeç, CEO of Tiplay Studio
Senior Advisor at Tiplay Studio Kerim Kotan added:
I am sincerely proud of Tiplay Studio and the appreciation that has increased 100x since its launch, surpassing all expectations. It has become a significant regional ecosystem and powerhouse of game development!
Tiplay Studio created a technology which called Online WorkSpace (OWS) to allow their in-house studios and teams to remotely manage all of their game development processes. Tiplay has three physical offices, two in Denizli and one in Izmir.