TIPLAY STUDIO ANNOUNCES $500K SERIES A FUNDING AT A $25M VALUATION
Re-Pie led the funding round. Financing will advance the growth of internal studios and oFON, a game studio accelerator program.
Istanbul, 06.12.2021: 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.“
About tiplay studio
Founded in Turkey in 2019, tiplay studio is a high-growth game development company which is currently employing more than 40 people and developing games in various genres and platforms including hypercasual, arcade idle and Snap games. It launched four hit games so far: Water Shooty and Car Restoration 3D from internal studios, and Joust Run and Dodge Master from oFON, an accelerator program operated by tiplay studio and powered by Rollic (Zynga). tiplay studio built a technology called Online WorkSpace (OWS) to enable its internal studios and oFON teams to handle all game development processes including ideation, iteration and QA remotely. tiplay studio has three physical offices, two in Denizli and one in İzmir.
Re-Pie Portfolio Management Inc is a portfolio management company, establishing and managing 17 real estate and 14 venture capital investment funds. Re-Pie’s portfolio includes Getir, Turk.net and Colendi.