Fomo Games came to the fore with an investment of 17 million TL in February 2021. Turkish game studio Fomo Games recently received an investment of 67.5 million TL with a 675 million TL valuation. With this latest investment, the company managed to get its name on the list of rising studios in Turkey.
Fomo Games consists of a team of 33 people. Giant companies such as Voodoo were included in the 17 million TL investment that the company previously received with a valuation of 163 million TL. Luxembourg-based Libertus Capital made this new investment of 67.5 million TL. Libertus Capital has also invested in Sky Mavis, the developer of the very popular blockchain game Axie Infinity. With this investment, Fomo Games has increased its valuation four times in a short time.
The developer company was founded by Yunus Güvenen, Emre Teksöz and Yusuf Ceylan. The first game of Fomo Games was released for iOS and Android under the name Event Twins: Design & Blast. More than 500 thousand people have downloaded this puzzle game on Google Play.
According to the information provided by Fomo Games, these investments will be used to strengthen game development activities and expand the team. With the new investments, they have received, Fomo Games may launch new and successful games.
The investment company Libertus Capital, founded in 2017, invests in many technology topics. To date, the company has participated in nearly 20 investment rounds and led 6 of them. Libertus Capital’s portfolio includes many companies in different categories, especially blockchain.