Ok fans, it’s time to head back to the chalkboard and add another entry to the growing list of mobile games studios coming out of Istanbul that are making the charge to a device near you soon. This time up, we’ve got Fomo Games pulling down a respectable $5 million in a new funding round that gives the company a $50 million valuation.
Founded in 2019 by Emre Teksoz, Yunus Guvenen, and Yusuf Ceylan, the studio has turned out the puzzle-based title Event Twins: Design & Blast, which holds a 4.9 star rating on the app store. Borrowing a page from crosstown firm Dream Games, Fomo’s graphics mirror the Pixar animation studio’s style graphics and offer players a journey through a redecorating/upgrading style narrative.
According to co-founder Yunus Guvenen , the funding will be used to continue growing the team as well as driving an upcoming marketing campaign.
Interestingly, Fomo Games’ $5 million in funding was provided by Luxembourg-based venture capital and private equity house Libertus Capital, a firm that traditionally invests in, "companies and protocols that enhance and protect freedom, privacy, and trust." To date, Fomo games has raised a total of approximately $6.25 million.