Key Notes
- Joygrid Ventures invested in Oddmar developer Mobge Games at a $10 million valuation, while the actual funding amount remains undisclosed.
- The Turkish studio plans to dedicate more time and resources to promising action projects, without announcing a new game or release date.
- The deal follows September investments in Circle Games and Arcustin Games, although their funding amounts and valuations describe different measures.
Mobge Games, the Turkish developer known for Oddmar, has secured investment from Joygrid Ventures at a $10 million valuation. The Izmir-based mobile studio intends to put more time and resources behind promising projects, with a particular focus on action games that could reach a global audience.
Joygrid confirmed the investment in a public announcement. The amount invested has not been disclosed, so the $10 million figure describes the studio’s valuation rather than the size of the funding round. No new game, release date or acquisition was announced with the deal.
The investment gives Mobge another route to build on a development history that includes one of mobile gaming’s best-known Viking platformers. It also follows separate September funding rounds for Circle Games and Arcustin Games, adding another Turkish studio to the recent flow of investment into mobile development.
More Time for Action Games
In the announcement, co-founder and chief executive Özgür Taşkın said Mobge had built experience in rapid production, testing and iteration while maintaining its quality standards. The next step is to concentrate more resources on projects with strong potential and develop them into larger, longer-lasting games.
That describes a change in how the team intends to develop promising ideas, rather than a disclosed slate of releases. More time for a project can support additional production and testing, but Mobge has not specified the size of its next game, its budget or how long development will take.
Joygrid investment director Ali Özdemir said the partnership would include hands-on industry experience alongside capital. The investor describes its approach as backing early-stage teams and staying closely involved over the long term. The companies have not published the ownership stake involved in this transaction.
The Oddmar Background
Oddmar provides a useful reference point for the studio’s action-game ambitions. Apple named the Viking-themed platformer a Design Award winner in 2018, highlighting its hand-drawn levels, cinematic soundtrack and controls designed for touch screens.
The game follows a Viking who is shunned by his village and sets out to prove himself worthy of Valhalla. Mobge’s official page describes 24 levels built around platforming and physics-based puzzles, with forests, snowy mountains and mines providing the setting for the journey.
Its presentation also extends beyond the platforming. The story is told through motion-comic sequences, with narration by Julian Casey, writing by Frank Gibson and music by Pär Svensson. The official page credits the project to Senri, the team behind Leo’s Fortune, and developer Mobge.
Those credits help explain the studio’s association with crafted action games, but they do not establish that its next projects will be Oddmar sequels or follow the same business model. The funding announcement identifies a direction for development without confirming a return to that particular series.
Another Turkish Mobile Studio Secures Backing
In September, we covered Circle Games raising $25 million in a Tencent-led Series A. Circle said it would use the financing to expand Sort Express, take Jelly Escape into more markets and at least double its workforce. Its announced funding total reached $32.25 million.
We also reported on Arcustin Games, which received $500,000 from Webrazzi GSYF at a $10 million valuation. That studio’s priorities were hiring, completing its first hybrid-casual puzzle game and acquiring players. The two September deals supply useful context without making all three studios directly comparable.
Mobge and Arcustin announced the same valuation figure, but Mobge’s undisclosed funding amount prevents a like-for-like comparison of their investment rounds. Circle’s $25 million, meanwhile, is capital raised rather than a published valuation. For Mobge, the next development to watch is which action project receives that longer-term commitment and when players will get to see it.
