Ludus Ventures has recently announced the establishment of its second fund in collaboration with Tera Portföy as a Venture Capital Investment Fund at the beginning of 2024. The company has made its first investment for the year in Midas Games, which received $1 million in funding in this investment round, according to Webrazzi.

Midas Games is a game development company that specializes in creating skill-based and competitive games. The company was founded by Selçuk Korateş, Hikmet Duran, Fatih Karadeniz, Mert Ulutaş, Emre Öztürk and İlkim Ülgen, who have extensive experience in mobile game development, publishing, software development, and game law. Their first games are expected to be released in the second half of 2024.

We aim to provide our players with the best gaming experience by rewarding skill, strategy and perseverance in our games. 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. We will use our experience in the industry 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.

Selçuk Korateş, Co-founder and CEO

Hikmet, Emre, and Mert are partners in Midas Games and they also form the core team responsible for game production. They previously worked together at Gigantic Games, where they achieved a total of 25 million downloads. Fatih Karadeniz is the CTO, and İlkim Ülgen handles legal affairs. The CEO of Midas Games is Selçuk Korateş, who worked at Rollic for over three years and created many popular games.

As Ludus Ventures, we made the first investment of our second fund to Midas, which is one of the most important factors in the Turkish game industry’s coming to the fore in the international market, and strengthens its young and dynamic team structure with experienced members with whom we had the opportunity to work on different projects in previous years, and its innovative ideas. We are excited to support the adventure of bringing it to game lovers all over the world.

Mehmet Ayan, Ludus partners 
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