Studio Billion secured investments from B4YO Capital, WePlay Ventures, and Lima Ventures in a Pre-Series A bridge round. With this investment, Studio Billion aims to accelerate the development process of their multiplayer action RPG game, Rumble Suits, which utilizes Augmented Reality (AR) technology and plans to release it to players by the end of this year.
With the investment, Studio Billion intends to expand its team of 15 members to 25 to successfully complete the development and publishing processes for Rumble Suits by the end of 2023. As they prepare for their main investment round, Studio Billion plans to allocate a significant portion of the Series A investment to marketing the game.
The Studio Billion team expresses their happiness about the investment process, stating:
“We are delighted to have successfully accomplished all our short-term goals on our journey to ‘Entertaining Billions.’ As we embark on this new phase, we will relentlessly pursue one of our biggest long-term goals: developing successful and enjoyable XR (Extended Reality) games.
We are reassured and encouraged by the fact that WePlay Ventures, a leading game-focused investment company in Turkey and Europe, with valuable know-how and network in the AR/VR field, B4YO, and Lima Ventures, which specializes in targeted investments in their fields, including successful exits in the gaming industry, will be our running partners.
By strengthening our capabilities with new investors who will join us in the Series A round, which we plan to complete by the end of the year, we aim to become one of the early-adopter names in the AR Glasses industry.”
Founded by Ümit Aparı, Ömer Aslan, and Eşref Bektaş in 2017, Studio Billion has collaborated with global game publishers to develop hundreds of games for mobile platforms, achieving millions of downloads for their games. In 2018, their first game, the simulation-based Spin Warriors, reached millions of players in the USA, marking a significant success. This achievement accelerated the company’s growth, and they received seed funding from their existing investors. Subsequently, they further elevated their success with games like Construction Simulator 3D and HR Master.
