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    WePlay Ventures invested in additional cellular firms in 2021 than cellular or PC | Pocket Gamer.biz


    Turkish video video games funding agency WePlay Ventures has revealed that it elevated its portfolio to 11 studios in 2021.

    WePlay Ventures is a video games industry-focused funding firm primarily based in Turkey that focuses on supporting early stage startups inside the MENAT area.

    The earlier 12 months noticed the corporate make investments into eight new studios, together with Udo Video games, Forge Video games, and hypercasual studio Hoody. Of its present funding portfolio, 60 per cent of studios targeted on the event of cellular video games, whereas the remaining 40 per cent give attention to console and PC titles.

    Over 220 titles have been developed from its invested studios, with over 170 titles developed for cellular as compared with 11 PC and console titles, highlighting the overwhelming exercise of the cellular video games {industry} within the MENAT area.

    Increasing its attain

    The agency has said that following its contributions, invested sport studios have grown 4 occasions in 2021, bringing the whole valuation of firms to $74 million.

    All through 2022, the agency plans to increase its attain into Japanese Europe and elements of Central Asia to spice up its presence as an funding powerhouse.

    The cellular video games {industry} in Turkey continued to develop in 2021 with key acquisitions and investments, corresponding to Rovio’s acquisition of Ruby Video games and Dream Video games elevating $155 million, which positioned the agency at a valuation of $1 billion.

    Most just lately, Turkish cellular video games outfit Tiplay studios raised $500 million to extend the dimensions of its group and increase growth on its pipelined titles. The agency is presently valued at $25 million.

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