'Cypher Games,' the Turkey-based mobile game development studio, announced a new $3.2 million USD round of pre-seed funding that it will use to expand its team and develop casual mobile games. The company announced that its first venture will be to expand its employee base sixfold by 2023, employing strategic hires to develop high-quality mobile games.
Secondly, Cypher Games stated that it will focus on casual mobile games, such as puzzle and strategy games, that are accessible by everyone from first-time players to experienced mobile gamers. Several companies participated in this funding round, such as '500 Global,' 'Play Ventures,' and 'Tripledot Studios,' each of which is vocal about its excitement for the future of Cypher Games.
Image Credit: Cypher Games
What Makes This Trend Stand Out
- Mobile Game Development
- Opportunity to disrupt the mobile gaming industry by developing games that appeal to both new and experienced players.
- Pre-seed Funding Round
- Opportunity for startups to raise capital and invest in expanding their teams and product development.
- Casual Mobile Games
- Opportunity to disrupt the mobile gaming industry by creating accessible and enjoyable games for a broad audience.
Sectors Adopting This
- Mobile Gaming
- Opportunity to invest in the growing mobile gaming industry, particularly in companies that aim to make casual mobile games more popular.
- Technology Investment
- Opportunity to invest in technology startups, such as mobile game development studios, that are positioned for growth.
- Entertainment Industry
- Opportunity for the entertainment industry to partner with mobile game developers, such as Cypher Games, to create engaging content for a wider audience.
