Turkish mobile developer Magic Games secures $5M in seed funding
Summary
As has been reported on multiple outlets including gamesindustry.biz, Mobidictum and Venturebeat, the Turkish mobile developer Magic Seed has secured $5M in initial funding to grow and establish their studio. The founding members of the studio include \xc7ar \xd6zt\xfcrk, R\xfcya \xc7elikcan and Mert Kasar whom Venturebeat notes previously worked with Peak Games. Peak Games was acquired by mobile giant Zynga back in 2020 and went on to join other Turkish subsidiaries of the company in being some of the highest earning for parent company Zynga.As we previously reported, other developers such as Umuro have shown there is significant potential in the Turkish market for developers. Investment coming from established firms has defied economic slowdown in the country and in fact seen the mobile market grow. The particularly Turkish nature of some of the games emerging from the market is an interesting sign, and mirrors a developing trend in the Indian market to create mobile games that embody local culture.Whether or not using seed money and investment funding to expand within Turkiye itself would be preferable, many companies are seeking to expand or open branches in Europe proper.