Gaming
TIPLAY STUDIO ANNOUNCES $500K SERIES A FUNDING AT A $25M VALUATION
tiplay studio, a game development ecosystem dedicated to creating amazing games for the masses, today announced that it completed a Series A financing round.
The financing was led by Re-Pie. Lead investors in the round included Kerim Kotan and Saruhan Tan.
The funding will support hiring highly skilled personnel and recruiting talented teams to oFON, which will expand the product line and the digital footprint of the ecosystem. Funds will also be allocated towards improving technological and operational features of OnlineWorkSpace (OWS), a remote work platform developed by tiplay studio, in order to enhance remote, hybrid and physical work environments for internal studios and oFON teams.
“This is an important inflection point for tiplay studio” said Mehmet Umut Ermeç, CEO and Co-founder, tiplay studio. “On behalf of tiplay studio, I would like to thank my dear colleagues, my partners Ahmet Öney and Osman Tutum, our seed investors who have been supporting us from day one and all of the game enthusiasts who have been cheering for us. We are proud that so many distinguished investors have recognized the progress we’ve made and are supporting our vision to create the best game development ecosystem in the world. This investment will allow us to strengthen our studios and accelerator program operating in multiple genres and platforms – ultimately leading to amazing new games.”
“I am truly proud of tiplay studio and their valuation growth which is above 100x since their Seed, executing well beyond expectations to become a major regional ecosystem and a powerhouse of game development!” said Kerim Kotan, Senior Board Advisor and Investor, tiplay studio
Re-Pie General Manager Alim Telci stated that the gaming industry is an area where Turkey has a serious competitive advantage. He added: “We believe that tiplay studio will be a pioneer in the ecosystem with OWS, the platform they have developed for remote game development and oFON, the game studio accelerator program.“
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