Loading organizations...
§ Private Profile · Istanbul, Turkey
Mobile game development studio developing casual puzzle games for global casual gamers, focused on free-to-play iOS and Android titles.
Agave Games has raised $25.0M across 2 funding rounds.
Key people at Agave Games.
Agave Games has raised $25.0M in total across 2 funding rounds.
Agave Games is an Istanbul, Turkey-based mobile game development studio that creates and publishes free-to-play casual puzzle games for a global audience of players. The company develops iOS and Android titles, such as the hidden-object game Find the Cat and Wonder Link, utilizing artificial intelligence during the initial artwork creation process before final human polishing. The studio monetizes its casual gaming portfolio through a combination of in-app purchases and in-game advertising across its global user base. The enterprise has secured a total of $25 million in venture capital funding to date, including an $18 million Series A financing round backed by lead investors Balderton Capital and Felix Capital, alongside participation from E2VC. The mobile gaming startup Agave Games was officially founded in 2021 by co-founders Alper Oner, Ali Baran Terzioglu, Burak Kar, and Oguzhan Merdivenli.
Key people at Agave Games.
Agave Games is a mobile gaming company founded in 2021 and headquartered in Istanbul, Turkey, specializing in the development and publishing of casual puzzle games.[1][2][3][4] It collaborates with talented developers to transform innovative ideas into accessible mobile experiences enjoyed by millions worldwide, targeting a broad audience in the casual gaming segment.[1][3][4][5] The company serves everyday mobile gamers seeking fun, quick puzzle-based entertainment, addressing the demand for engaging, easy-to-play titles amid the booming mobile gaming market.[3][4]
With a team of gaming industry veterans and rapid growth—including a notable $18M funding round tied to hits like *Find the Cat*—Agave demonstrates strong momentum in a competitive space.[2][6]
Agave Games was co-founded in 2021 by gaming industry veterans Oğuzhan Merdivenli, Alper Öner, Ali Baran Terzioğlu, and Burak Kar, based in central Istanbul, Turkey.[2][4][6] The founders leveraged their extensive experience to launch a studio focused on casual puzzle games, emerging from Turkey's vibrant tech and gaming scene.[2][3][4] Early traction came quickly, highlighted by successful titles and a major $18M funding round for projects like *Find the Cat*, marking pivotal moments that propelled the company forward.[6] A UK entity, AGAVE GAMES LIMITED, was incorporated in 2023 as a private limited company focused on computer games publishing, suggesting international expansion.[7]
Agave Games rides the explosive growth of mobile casual gaming, a segment within the $100B+ global gaming industry dominated by accessible puzzle and hyper-casual titles on iOS and Android.[3] Timing aligns perfectly with post-pandemic surges in mobile playtime and emerging markets like Turkey, where local talent fuels cost-effective innovation amid rising ad monetization via platforms like Unity and AppLovin.[2][4] Favorable forces include AI-driven game prototyping and cross-platform tools, enabling Istanbul-based studios to compete globally without massive VC upfront.[6] Agave influences the ecosystem by nurturing regional talent and proving that focused puzzle devs from non-Silicon Valley hubs can achieve viral hits, democratizing game publishing.[1][2]
Agave Games is poised for accelerated expansion, building on $18M funding to launch more puzzle hits and potentially enter hybrid genres like word or solitaire puzzles.[6] Trends like Web3 integrations, AR puzzles, and personalized AI gameplay will shape its trajectory, while Turkey's gaming boom and global ad revenue growth provide tailwinds.[3][4] Its influence may evolve from niche publisher to ecosystem player, mentoring talents and acquiring studios—watch for UK filings signaling European pushes, cementing its role in accessible mobile entertainment.[7] This Istanbul upstart exemplifies how veteran-led focus turns ideas into millions of downloads.
Agave Games has raised $25.0M across 2 funding rounds. Most recently, it raised $18.0M Series A in December 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Dec 1, 2024 | $18M Series A | Balderton Capital, Felix Capital | 20VC, Kima Ventures, Motier Ventures, Stride VC, Akin Babayigit, Breon Corcoran, Maria Raga | Announced |
| Aug 1, 2022 | $7M Seed | Balderton Capital | 20VC, Felix Capital, Kima Ventures, Motier Ventures, Stride VC, Akin Babayigit, Breon Corcoran, Maria Raga | Announced |
Agave Games has raised $25.0M in total across 2 funding rounds.
Agave Games's investors include Balderton Capital, Felix Capital, 20VC, Kima Ventures, Motier Ventures, Stride VC, Akin Babayigit, Breon Corcoran, Maria Raga.
