Agave Games Raises $18 Million for Global Expansion and New Titles
Deal News | Dec 17, 2024 | Balderton Capital
Agave Games, a mobile gaming studio based in Istanbul, has raised $18 million in a Series A funding round co-led by Balderton Capital and Felix Capital. The funding, which follows a $7 million seed round in August 2022, brings the total investment to $25 million. The capital will fuel the global expansion of 'Find the Cat' and the development of new gaming titles. The game has been a massive success, topping charts globally and surpassing 10 million downloads in its first quarter. Agave Games plans to expand its Istanbul-based team, continuing to leverage Turkey's status as a major gaming hub. The studio aims to launch two new games next year, focusing on innovative gameplay and community engagement strategies.
Sectors
- Mobile Gaming
- Venture Capital
Geography
- Turkey – Agave Games is based in Istanbul, which is highlighted as a hub for mobile gaming talent and innovation.
- Global – The success of 'Find the Cat' and the future ambitions of Agave Games involve global markets, as evidenced by the game's international popularity.
Industry
- Mobile Gaming – The article focuses on Agave Games, a mobile gaming studio, and its expansion in the casual puzzle gaming space.
- Venture Capital – Balderton Capital's and Felix Capital's investment in Agave Games highlights the role of venture capital in funding innovative startups in the gaming industry.
Financials
- $18 million – The amount raised by Agave Games in the Series A funding round.
- $7 million – The amount raised by Agave Games in their seed funding round.
- $25 million – The total investment received by Agave Games combining seed and Series A rounds.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Agave Games | Target Company | Company | A mobile gaming studio based in Istanbul, known for the popular game 'Find the Cat'. |
| Balderton Capital | Co-Lead Investor | Company | A venture capital firm that co-led the Series A funding round for Agave Games. |
| Felix Capital | Co-Lead Investor | Company | A venture capital firm that co-led the Series A funding round for Agave Games. |
| E2VC | Investor | Company | Participated in both the seed and Series A funding rounds for Agave Games. |
| Akin Babayigit | Investor | Person | Co-founder of Tripledot Studios who participated in the seed round. |
| Vento Games | Collaborator | Company | Collaborated with Agave Games on 'Find the Cat'. |