Midas Games received a $1 million investment led by Ludus Ventures in the pre-seed round

Ludus Ventures, which announced its second fund established with Tera Portföy as a Venture Capital Investment Fund at the beginning of 2024, made its first investment of the year in Midas Games. Midas Games received an investment of $1 million in this round.

Midas Games, which will produce games in the skill-based and competitive games category, aims to release its first games in the second half of 2024. Founded by Selçuk Korateş, Hikmet Duran, Fatih Karadeniz, Mert Ulutaş, Emre Öztürk and İlkim Ülgen, Midas Games has experience in mobile game development, publishing, software development and game law.

Hikmet, Emre and Mert, the partners of the company, also constitute the skeleton staff of game production. After working together for many years at Gigantic Games, where they reached a total of 25 million downloads, Hikmet Emre and Mert continue their collaboration at Midas Games. Fatih Karadeniz is in the CTO role. In the legal field, there is İlkim Ülgen. Serving as the CEO of Midas Games is Selçuk Korateş, who worked at Rollic company, which was sold to Zynga, for more than 3 years and has created many hit games.

Co-founder and CEO Selçuk Korateş “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.” said.

Mehmet Ayan, one of Ludus partners Regarding their investment, they said, “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.” he said.