The number of game studios in Turkey has exceeded 740. A new investment news came from Yamy Studio, which focuses on hybrid-casual games. Yamy Studio, an Istanbul-based game studio focusing on hybrid-casual games, received an investment of 8 million dollars. The company was founded in Istanbul by Ahmet Ferhat Akben, Yunus Alkan and Mikdat Doğru. In January 2023, it received investment from London-based UP Venture Capital with a valuation of 4 million. It received its second investment in a year. In the 8-month period, it doubled its valuation.
We have been operating as YAMY Studio since September 2020 and have been attracting the attention of both global and local investors with our mobile games. We will use the new investment to grow our workforce and further specialise in the hybrid-casual game genre we focus on.YAMY Studio co-founder Mikdat Doğru
We doubled our valuation in a short period of eight months with the new investment. To date, after two separate games that we launched globally in 2021 and 2022, we brought our new game Laundry Rush to game lovers around the world with the investment we received from UP Venture Capital. As a studio specialising in hybrid-casual games, we continue our steady growth with the success we have achieved in the in-game economy. In addition, 7 out of 10 people say that they play mobile games at least once a day. Hybrid-casual is one of the most interesting games among mobile game types. This intense interest is also reflected in in-game spending, creating an economic potential that is quite open. Our mobile game Laundry Rush reached more than 3 million downloads worldwide in a very short time.YAMY Studio co-founder Mikdat Doğru