SuperGears, an Istanbul-based mobile game studio, has raised $2.1 million in seed funding.
Veloxia, a Turkish mobile game startup, has received investment.
17.07.2023
YatırımlarMeryem Miray Bilgen
Marketing
Veloxia, a Turkish mobile game startup, receives investment
Veloxia’s bridge investment round included participation from APY Ventures, Türkiye Kalkınma Fonu, the INVEST 101 fund established in partnership with ODTÜ Teknokent, as well as existing investors Collective Spark and Boğaziçi Ventures.
We previously shared in June 2021 that Veloxia had raised $3 million in an investment round led by Collective Spark. After two years, Veloxia has now come back with a new investment. According to the information shared by Veloxia, the startup received a new investment in July.
It should also be noted that the bridge investment round of Veloxia included APY Ventures, Türkiye Kalkınma Fonu, the INVEST 101 fund established in partnership with ODTÜ Teknokent, as well as existing investors Collective Spark and Boğaziçi Ventures.
No financial details regarding the investment received by Veloxia were disclosed. Founded in 2019 by Tugay Alyıldız, Melih Gündoğdu, and Mehveş Altay, Veloxia achieved significant success with its game “Space Colony: Idle.”
According to the information shared by Veloxia, with the new investment, the startup aims to scale its tycoon simulation games globally and sustain its success. Veloxia also aims to develop innovative products on a global scale in the field of mobile gaming and technologies and continues to work on new simulation games with RPG mechanics.
Tugay Alyıldız, Co-founder and CEO of Veloxia, stated that they have observed the effects of the global macroeconomic contraction that began in 2022 within the gaming industry as well, and added that the participation of both existing and new investors in the bridge investment round demonstrates Veloxia’s position in the sector.
