Spyke Games Raises Record $55M Social Mobile Gaming Round from Leading Global Gaming Partners VC Griffin Gaming | News
ISTANBUL AND LOS ANGELES–(BUSINESS WIRE)–January 17, 2022–
Spyke Games, a social and mobile casual gaming company, closed $55 million in a funding round led by notable venture capital firm Griffin Gaming Partners (GGP). Spyke Games’ co-founding team has an unparalleled track record of creating some of the world’s best mobile casual games with previous corporate releases valued at nearly $2 billion. This funding round for Spyke breaks records as the largest funding round raised by a female CEO in Turkey as well as globally in the mobile gaming industry.
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Spyke Games co-founders raise record $55 million round for social mobile games. [L-R] Remi Onur (COO), Mithat Madra (CMO), Rina Onur Sirinoglu (CEO), Fuat Coskun (CTO), Barkin Basaran (CPO) (Photo: Business Wire)
Due to officially launch its first game in a month, Spyke Games is focusing on the mobile games market, which is the fastest growing segment of the industry, with $136 billion in gross bookings, according to IDG. Consulting. Mobile gaming is expected to grow 248% over the next 10 years, according to Newzoo.
Spyke’s Global Gaming Leadership
The co-founding team includes five gaming industry leaders who have built teams and developed many of the world’s highest-grossing global mobile titles that have collectively amassed 9.5 million DAUs (daily active users) and 1 billion dollars in revenue to date. Spyke’s co-founding team was a co-founder or member of the management team of Peak Games, Zynga and Riot Games and includes: CEO Rina Onur Sirinoglu, COO Remi Onur, CPO Barkin Basaran, CTO Fuat Coşkun and CMO Mithat Madra.
“The phenomenal team at Spyke Games has come together after working at companies such as Peak Games, Zynga and Riot Games, where we have identified significant opportunities emerging over the past 12 years in the social casual gaming genre and We create world-class games that connect and delight people, title after title,” said Rina Onur Sirinoglu, CEO of Spyke Games, former co-founder of Peak Games and founding partner of 500 Istanbul. “And we know we we can achieve this through our corporate culture, our constant focus on quality and inspiring joyful and emotional experiences.”
Gaming industry leader and business builder, Rina continues, “With two decades of investment in gaming and entertainment, Griffin Gaming Partners provides Spyke with the best experience and connections in the industry, which translates into significant growth opportunities.We are inspired by Griffin’s confidence in our team and our early game and their willingness to jump in and help us take our business to the next level.
Griffin Gaming Partners is one of the world’s largest venture capital firms solely focused on investing in the global gaming market. GGP invests in gaming content and infrastructure companies as well as Web3 gaming-related companies, with notable investments in Discord, Forte, AppLovin, Overwolf, and WinZO.
“Spyke has the perfect combination of a deeply experienced team with proven success in game development and an unwavering focus on execution,” said Phil Sanderson, Managing Director of Griffin Gaming Partner, who is also a board member of Griffin Gaming Partner. administration of Spyke.
Spyke will use the funds to focus on launching and continuously improving its initial game as well as hiring top talent from Turkey’s thriving tech and gaming ecosystem. According to Startups Watch, in 2021, Turkish startups raised a record $1.4 billion and gaming startups raised over $400 million, increasing the gaming talent pool.
About Griffin Gaming Partners
Griffin was founded by Peter Levin, Phil Sanderson and Nick Tuosto. The company is founder-friendly, cares deeply about the gaming industry, and brings decades of investing, consulting, and operating experience. www.griffingp.com
About Spyke Games
Spyke’s mission is to create highly engaging emotional experiences through data-driven game design that combines visually stunning aesthetics, inviting characters, and captivating gameplay to delight single-player and social players across the globe. Built by a team of dreamers and doers, Spyke believes that when talented people come together around a single mission and have the freedom to operate, magic happens. www.spykegames.com
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CONTACT: Nicole DeMeo
KEYWORD: EUROPE UNITED STATES TURKEY NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: ENTERTAINMENT TECHNOLOGY GENERAL ENTERTAINMENT MOBILE/WIRELESS ENTERTAINMENT GAMES
SOURCE: Spyke Games
Copyright BusinessWire 2022.
PUBLISHED: 01/17/2022 10:03 AM/DISC: 01/17/2022 10:03 AM
Copyright BusinessWire 2022.