Frozen Pawn secures investment from Bogazici Ventures

With the BV Growth fund, Boğaziçi Ventures continues its strategy of investing in technology-focused startups that are in early stage development, have the capacity to reach a wide user base in international markets and are managed by competent teams.

Boğaziçi Ventures, one of Turkey’s leading investment companies, announced that it invested in Istanbul-based indie game studio Frozen Pawn. This investment, made through the BV Growth fund, aims to accelerate the international success of its talented team by supporting Frozen Pawn’s expansion potential and solid business model in the global market.

Focusing on UGC games within Fortnite Creative 2.0, Frozen Pawn has realized various game projects using various technologies, including single and multi-player, on PC and mobile.

Regarding the Frozen Pawn investment, Boğaziçi Ventures Managing Partner Burak Balık said the following:

“Our investment in Frozen Pawn is a strategic step for both our company and the Turkish gaming industry. With the strategy of investing by focusing on technology and innovative solutions, Boğaziçi Ventures aims to contribute to Frozen Pawn’s goal of carrying Turkey’s gaming industry to a brighter future in the international arena.”

“We have high faith in the company’s team, which will achieve significant success in a short time with their innovative approach. We are excited to support them with our experience focused on both financial and strategic growth. As Boğaziçi Ventures, we are very excited to support Frozen Pawn’s growth and success in the sector.”

With their mid-core game called Heist Guyz, Frozen Pawn offers players a dynamic game structure experience that combines strategy and quick-thinking skills. Heist Guyz is a medium-difficulty multiplayer tactical shooter with an exciting heist theme.

Frozen Pawn Founding Partner Aykut Şahin regarding the investment:

“With the investment we received from Boğaziçi Ventures, we aim to increase our global share as a company by accelerating our activities in the UGC gaming field, which offers great opportunities.

We have the advantage of being one of the first studios operating in this field in Turkey, in this period when studios operating around the world, especially in the Fortnite Creative field, are just beginning to form.”

Another Founding Partner of Frozen Pawn, Mustafa Enes Bilgiç, added the following;

“The investment will not only be beneficial for BV and Frozen Pawn; it will also make a great contribution to the industry with the firsts we have achieved as Frozen Pawn and our innovative approaches to existing game types.”

Boğaziçi Ventures plans to continue to move its investment process forward day by day by focusing on innovative projects based on technology. BV Growth Fund announced that it will continue to collect resource commitments until the end of 2024.

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