Veloxia raises $3 million to increase past idle cell video games

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Veloxia has raised $3 million in funding to make idle video games for cell gadgets. It already has one hit with the technique idle sport dubbed Area Colony: Idle on iOS and Android.

Istanbul-based Veloxia is the most recent Turkish sport firm to boost a big spherical of cash. In cell video games, Turkey is beginning to grow to be so scorching that you possibly can examine it to Finland, which gave start to gaming firms similar to Supercell and Rovio. Lately, Turkish sport firms have additionally grow to be scorching commodities, with Zynga buying Peak Video games final 12 months for $1.8 billion.

Collective Spark led the spherical with participation from Bogazici Ventures, Ak Portfoy Girisim Sermayesi, and a number of other angel buyers. Idle video games are titles that you just play when you’ve quite a lot of idle time, they usually’re usually fairly repetitive, the place you faucet the display screen repeatedly.


Above: Veloxia’s founders have raised $4 million so far.

Tugay Alyıldız, Melih Gündoğdu, and Mehveş Altay began the corporate in June 2019 with the mission of making progressive merchandise on a world scale in cell gaming. Veloxia revealed its first product, an idle sport referred to as “Area Colony: Idle” on iOS and Android platforms in late 2019, and it has been ranked among the many prime technique video games and achieved almost 1,000,000 downloads.

The trio began the corporate to create multiplayer video games that may unfold in a viral vogue with extra environment friendly advertising and marketing and excessive profitability. The corporate desires to construct a portfolio of video games throughout quite a lot of genres. Alyildiz has expertise in consulting, technique, funding, and finance. Gündoğdu, chief working officer, is a administration engineering graduate, with expertise in consulting, technique, funding finance. And Altay is the chief expertise officer.

“Our infrastructure is backed by behavioral economic system fashions which we’re consistently creating as we scale our merchandise,” stated Tugay Alyildiz, CEO of Veloxia, in an e-mail to GamesBeat. “We work in direction of differentiating Veloxia from different cell gaming startups with our strategy to monetization in sport design and by efficiently managing merchandise in numerous classes underneath a cluster construction.”

He stated the funding spherical will assist the corporate put its idle know-how to work, additional strengthen its analytics muscle, and increase throughout technique and motion sport classes.

Alyildiz stated that the event crew has been rising underneath the management of Altay, who labored for Microsoft and Google in a number of international locations throughout her school years. She stated the corporate has a world crew with 22 members dwelling in numerous geographies. The corporate will increase in Turkey and aboard and keep its inclusive and various crew tradition.

Huge ambitions

Above: Veloxia’s Area Colony: Idle sport.

Picture Credit score: Veloxia

Görkem Oktay, basic accomplice at Collective Spark, stated in a press release that Turkey has been on the forefront of cell gaming with many profitable startups and a number of exits lately. On this context, he stated his agency has been intently following the panorama for a very long time and invested within the Veloxia crew which he has identified since inception. He stated he appears to be like ahead to Veloxia publishing new video games in varied classes.

Alyıldız famous that he will probably be attending the Recreation Builders Convention in San Francisco this 12 months on behalf of Veloxia to assist increase consciousness of Veloxia within the cell sport group.

The corporate is at the moment engaged on a title within the multiplayer on-line battle area video games (MOBA) class. The hope is to supply the most important sport out of Turkey and to increase its abroad crew and open North Europe places of work. The corporate has raised nearly $4 million so far.


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