Midas Games Secures $1M Pre-Seed Investment from Ludus Ventures

Midas Games, a burgeoning player in the gaming industry, is gearing up to make its mark with skill-based and competitive games slated for release in the latter half of 2024. This ambitious endeavor received a significant boost this week with the announcement of a $1 million Pre-Seed investment round led by Ludus Ventures.

With a focus on developing engaging and competitive gaming experiences, Midas Games aims to captivate audiences with its innovative approach to gameplay. The infusion of funding from Ludus Ventures will provide the necessary resources to fuel the development and launch of its inaugural titles, setting the stage for the company's entry into the gaming market.

As anticipation builds for the unveiling of Midas Games' debut releases, the investment from Ludus Ventures underscores confidence in the company's vision and potential to make a splash in the competitive gaming landscape. With a strategic blend of talent, creativity, and financial backing, Midas Games is poised to leave a lasting impression on gamers worldwide.

Midas Games is a dynamic game development company specializing in skill-based and competitive gaming experiences. Founded by a seasoned team of industry veterans including Selçuk Korateş, Hikmet Duran, Fatih Karadeniz, Mert Ulutaş, Emre Öztürk, and İlkim Ülgen, the company brings together a wealth of expertise in mobile game development, publishing, software development, and game law.

Having collectively amassed an impressive 25 million downloads during their tenure at Gigantic Games, the team recognized an opportunity to leverage their combined talents and experience to create something truly innovative. With a shared vision for developing captivating and competitive games, they joined forces to establish Midas Games, embarking on a journey to push the boundaries of gaming entertainment.

Harnessing their diverse skill sets and industry insights, Midas Games is poised to make a significant impact in the gaming landscape. With a focus on delivering engaging and immersive experiences, the company is set to captivate audiences worldwide with its innovative approach to game development. As they continue to forge ahead, Midas Games stands as a testament to the power of collaboration and innovation in the gaming industry.

Before joining Midas Games, CTO Fatih Karadeniz spearheaded groundbreaking initiatives in the tech industry. Notably, he played a pivotal role in establishing the first internet branches for stock exchange brokerage houses, revolutionizing the way financial services are accessed and managed. Additionally, Karadeniz led the development of the technical infrastructure for Turkey's largest Mobile Marketing platform, contributing to the advancement of digital marketing strategies and technologies in the region.

As for co-founder and CEO Selçuk Korateş, prior to his involvement with Midas Games, he made significant contributions to the gaming industry during his tenure at Rollic. His expertise and leadership were instrumental in the success of Rollic, which caught the attention of industry giant Zynga, ultimately leading to its acquisition. Korateş' experience and insights gained from his time at Rollic undoubtedly position him as a valuable asset to the team at Midas Games, where he continues to drive innovation and excellence in game development.

Ludus Ventures, a Turkish venture capital investment fund (VCIF), made headlines earlier this year with the announcement of its second fund in collaboration with "Tera Portföy." As part of its investment strategy, Ludus Ventures has chosen Midas Games as its first investment opportunity for the year, demonstrating confidence in the company's vision and potential for success in the gaming industry.

With this backing from Ludus Ventures, Midas Games is poised to make significant strides in bringing its innovative ideas to game lovers worldwide. The investment not only provides financial support but also validates Midas Games' approach and positions it for growth and expansion in the competitive gaming market.

Midas Games has ambitious plans to launch its first set of games in the second half of 2024. With the support of Ludus Ventures and other partners, the company is well-equipped to deliver high-quality, engaging gaming experiences that captivate audiences and establish its presence in the global gaming landscape.