Oddmar Developer Mobge Games Reaches $10 Million Valuation With Joygrid Investment
Joygrid Ventures backs the Oddmar developer at a $10 million valuation as Mobge Games plans to devote more resources to action projects with global potential.
Named after Japanese capsule-toy machines, a gacha game centers part of its collection or progression on randomized draws. Players spend earned or purchased currency for a chance to receive characters, equipment, or items of different rarity. Systems may publish probability rates, guarantee a high-rarity reward after a set number of attempts, or feature limited-time banners. Gacha can exist in a free-to-play game without requiring payment, but monetized random draws raise consumer-protection and spending concerns. The model overlaps with loot boxes while often emphasizing repeated character or item acquisition.
A San Francisco court denied AppLovin's request to restrict Unity's Ad Quality SDK, while the dispute over data used in mobile game advertising continues.
The top five free-to-play games take a smaller share of PC and console revenue as spending spreads, while gacha growth reshapes player engagement.
AppLovin alleges Unity used its Ad Quality SDK to collect rival advertising data, escalating a dispute over the software that monetizes mobile games.
Tencent leads a $25 million round for Circle Games as the mobile puzzle studio plans to expand Sort Express, Jelly Escape and its team.
The Istanbul mobile studio will use Webrazzi GSYF funding to grow its team, finish its first hybrid-casual puzzle game and acquire players.
Whiteout Survival became the world’s highest-grossing mobile game in June 2026, while Roblox led global downloads, according to Sensor Tower.
Sensor Tower says mobile game advertising revenue exceeded $12 billion in 2025 across 19 tracked markets, highlighting the growing role of ad monetization.