Midas Games received $1 million investment led by Ludus Ventures

In early 2024, Ludus Ventures, who announced their second fund as a Turkish VCIF with “Tera Portföy”, made their first investment of the year in Midas Games.

Midas Games, which will produce games in the category of skill-based and competitive games, which has continued to rise in the last 2 years, aims to release its first games in the second half of 2024. Founded by Selçuk Korateş, Hikmet Duran, Fatih Karadeniz, Mert Ulutaş, Emre Öztürk and İlkim Ülgen, Midas Games has experience in mobile game development, publishing, software development and game law.

The company’s partners Hikmet, Emre, and Mert are also the skeleton part of the game production. After working together for many years at Gigantic Games, where they reached a total of 25 million downloads, they decided to continue their collaboration at Midas Games. In the CTO role, Fatih Karadeniz has over 20 years of software development experience; he led the creation of the first internet branches of stock exchange brokerage houses and the development of the technical infrastructure of Turkey’s largest Mobile Marketing platform. In this game category, where talent and competition can turn into awards, İlkim Ülgen, one of the most expert names in the field of IT and Mobile Game law, is in the legal field. In the role of CEO of Midas Games, Selçuk Korateş, who worked at Rollic, which was sold to Zynga, for more than 3 years and signed many hit games.

Co-founder and CEO Selçuk Korateş said:

“We aim to give our players the best gaming experience by rewarding skill, strategy, and perseverance in our games. We are very aware of the potential in the market, we are at the beginning of the period when many things will change in the gaming industry. The factor that will make this potential real will be the power of the team and innovative approach. We have built our team on this scale and will use our industry experience to develop scalable games and reach millions of people in this market that has recently started to develop in the world. Our business partner, Ludus, helps us in every aspect, ensuring that our focus remains solely on game development and adding momentum to our business. We are happy to cooperate with Ludus to achieve our goals.”

Mehmet Ayan, one of the partners of Ludus, said about their investment:

“As Ludus Ventures, we are excited to make the first investment of our second fund to Midas, which is one of the most important factors in the Turkish game industry’s prominence in the international market, strengthening its young and dynamic team structure with experienced members that we had the opportunity to work within different projects in previous years, to support its adventure to bring its innovative ideas to game lovers all over the world.

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