Veloxia raises $3 million to expand beyond idle mobile games

Veloxia has raised $3 million in funding to make idle games for mobile devices. It currently has one hit with the method idle game dubbed Space Colony: Idle on iOS and Android.

Istanbul-based Veloxia is the most current Turkish game organization to raise a considerable round of funds. In mobile games, Turkey is beginning to develop into so hot that you could evaluate it to Finland, which gave birth to gaming organizations such as Supercell and Rovio. In current years, Turkish game organizations have also develop into hot commodities, with Zynga acquiring Peak Games last year for $1.8 billion.

Collective Spark led the round with participation from Bogazici Ventures, Ak Portfoy Girisim Sermayesi, and numerous angel investors. Idle games are titles that you play when you have a lot of idle time, and they’re typically rather repetitive, exactly where you tap the screen repeatedly.

Origins

Tugay Alyıldız, Melih Gündoğdu, and Mehveş Altay began the organization in June 2019 with the mission of building revolutionary items on a worldwide scale in mobile gaming. Veloxia published its 1st solution, an idle game named “Space Colony: Idle” on iOS and Android platforms in late 2019, and it has been ranked amongst the prime method games and accomplished almost a million downloads.

The trio began the organization to make multiplayer games that can spread in a viral style with more effective advertising and higher profitability. The organization desires to construct a portfolio of games across a selection of genres. Alyildiz has encounter in consulting, method, investment, and finance. Gündoğdu, chief operating officer, is a management engineering graduate, with encounter in consulting, method, investment finance. And Altay is the chief technologies officer.

“Our infrastructure is backed by behavioral economy models which we are constantly developing as we scale our products,” mentioned Tugay Alyildiz, CEO of Veloxia, in an e mail to GamesBeat. “We work towards differentiating Veloxia from other mobile gaming startups with our approach to monetization in game design and by successfully managing products in different categories under a cluster structure.”

He mentioned the funding round will aid the organization place its idle know-how to work, additional strengthen its analytics muscle, and expand across method and action game categories.

Alyildiz mentioned that the development group has been increasing beneath the leadership of Altay, who worked for Microsoft and Google in numerous nations through her college years. She mentioned the organization has an international group with 22 members living in diverse geographies. The organization will expand in Turkey and aboard and sustain its inclusive and diverse group culture.

Big ambitions

Görkem Oktay, basic companion at Collective Spark, mentioned in a statement that Turkey has been at the forefront of mobile gaming with lots of prosperous startups and several exits in current years. In this context, he mentioned his firm has been closely following the landscape for a lengthy time and invested in the Veloxia group which he has recognized because inception. He mentioned he appears forward to Veloxia publishing new games in different categories.

Alyıldız noted that he will be attending the Game Developers Conference in San Francisco this year on behalf of Veloxia to aid raise awareness of Veloxia in the mobile game neighborhood.

The organization is at present working on a title in the multiplayer on the web battle arena games (MOBA) category. The hope is to make the greatest game out of Turkey and to expand its overseas group and open North Europe offices. The organization has raised nearly $4 million to date.

Originally appeared on: TheSpuzz