Turkish VCs line up for gaming startups

Zynga’s acquisition of Peak for $1.8 bio turned attention to Turkish gaming startups

Last month’s exit of Peak turned the attention of local and foreign venture capitalists (VC) to Turkey, according to Daily Sabah.  Sina Afra, Chairman of Entrepreneurship Foundation (GIRVAK) said that they were highly pleased with the interest of local investors following Peak’s exit. “Nothing will be the same anymore” added Afra. “While a gaming venture received a $750,000 investment at the seed stage last week, we can easily say that there is a Peak effect – the first-time investors held the majority in $750,000,” he emphasized. It has made everyone in the enterprise ecosystem to turn their heads toward Turkey, Afra noted.

Dealing the issues in different ways

According to Afra, “Entrepreneurs need to look at what new norms bring to us, and identify risks and opportunities. It is time for fast and agile decision-making,” “They should deal with the issues in many ways, make quick decisions and apply them. The most important thing is to focus on the present. The solutions produced in the past should be checked in terms of actuality, and the needs of the market should be determined in the new normal and addressed with the existing structure or new muscles,” concluded Afra.

Would you like to support TR Technews?

Hi everyone,
I’m running Turkishtechnews.com, a website on tech developments from Turkey. I will be covering subjects ranging from startups to gadgets, digital economy to social media. I’m keen on new technologies as well. On top of those, I’m interested in drama and cinema, with one short and one long film script and three plays. Holding a B.A degree in English Language and Literature, I’m a tech journalist with 15 years of experience.

The reason why I’m here is to produce good quality journalism and try to remain independent as much as possible. Currently, journalism is torn between vague relationships between brands and journalists, not only in Turkey but also globally. Under such circumstances to remain independent is crucial and I need your support to do so.

Leave a Reply

Your email address will not be published. Required fields are marked *