Agave Games Scores $18M for Expansion
Deal News | Dec 17, 2024 | Balderton Capital
Agave Games, based in Istanbul and known for its global sensation 'Find the Cat,' has secured $18 million in Series A funding. The round was led by Balderton Capital and Felix Capital, with participation from E2VC. This funding follows a $7 million seed round in 2022, increasing their total funding to $25 million. The capital will be used for global expansion, team growth, and the development of new games. 'Find the Cat,' a standout in the casual puzzle genre, has seen rapid growth with over 10 million downloads in its first quarter, positioning Agave Games to further dominate the market with innovative gaming titles planned for release in 2025.
Sectors
- Mobile Gaming
- Investment Management
Geography
- Turkey – Agave Games is based in Istanbul, Turkey, a growing hub for mobile gaming talent and innovation.
- United States – The game 'Find the Cat' was one of the top apps in the US, indicating the geographical impact and reach of the game.
Industry
- Mobile Gaming – The article is centered around Agave Games, a company in the mobile gaming industry, which focuses on creating and expanding mobile games like 'Find the Cat'.
- Investment Management – The article discusses a Series A funding round led by investment firms Balderton Capital and Felix Capital, relevant to the investment management industry.
Financials
- $18 million – The amount raised by Agave Games in the Series A funding round.
- $25 million – The total funding raised by Agave Games to date, including the $7 million seed round in 2022.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Agave Games | Target | Company | A mobile gaming studio known for 'Find the Cat', aiming to expand and develop new titles with recent funding. |
| Balderton Capital | Lead Investor | Company | A Venture Capital firm leading the Series A funding round for Agave Games. |
| Felix Capital | Lead Investor | Company | A Venture Capital firm co-leading the funding round, focusing on digital entertainment investments. |
| E2VC | Investor | Company | A venture capital firm participating in the Series A round for Agave Games. |
| Vento Games | Partner | Company | A local studio partnered with Agave Games on the development of 'Find the Cat'. |