Cypher Games‘ seed investment round was led by Raine Group.
The investment round was also joined by Play Ventures, 500 Emerging Europe, Candy Crush creator and King founder Riccardo Zacconi, former Activision Blizzard executive vice president and former King chairman Humam Sakhnini, Tripledot Studios founder Akın Babayiğit and former Light & Wonder CEO Barry Cottle.
“For the last two years, we have focused on defining the right product and developing it in the best way possible. With this investment, we will accelerate our entry into the global market. We believe that user expectations are changing every day with technology’s development and adaptation; therefore, the industry will make room for more games.
Users now demand not only vibrant, bright, and fun worlds but also interaction with other users. We believe that when the right ideas are best realized, success is inevitable.
We take Pixar, Disney’s animation studio, as an example. We place great importance on the vibrancy of the environments, and the emotional connection players have with the characters in them.
Our main goal is to create mobile games that players will enjoy playing for 5-10 years. To this end, we strive to set a higher standard of production quality by anticipating future player expectations.”
Cypher Games Co–founder and CEO Anıl Şimşek
“We are thrilled to join Cypher Games’ highly talented team in this growth process. We look forward to using our experience in the games industry and our global network to help their new product revolutionize the world of interactive entertainment.”
John Salter, Partner at Raine Group
“I’m incredibly proud of what Anil and the Cypher Games team have accomplished so far, and I’m excited about the new opportunities Cypher is sailing into with its passion for excellent quality in production and a strong group of investors at the table.”
Cyper Games investor & Tripledot Co-founder Akın Babayigit
Cypher Games raised $3.2 million on May 31, 2022, growing its team and preparing to develop its upcoming game.
About Raine Group
The Raine Group is a global investment bank and investment fund providing investment and advisory services globally in technology and media.
Founded in 2009, Raine has invested in and advised on some of the largest and most innovative projects in the TMT sector. Headquartered in New York, Raine has offices in San Francisco, Los Angeles, London, Paris, Mumbai, Shanghai, Hong Kong and Singapore.
