
WePlay Ventures
Description
WePlay Ventures is a prominent venture capital firm headquartered in Istanbul, Turkey, with a specialized focus on the global gaming industry. Established to support and scale innovative gaming startups, the firm has rapidly positioned itself as a key player in the early-stage investment landscape, particularly across the MENA region, Eastern Europe, and Central Asia, while maintaining an open approach to promising opportunities worldwide. Its strategic location allows it to tap into the burgeoning tech and gaming talent pools in these regions, fostering a vibrant ecosystem for new ventures.
The firm primarily targets pre-seed and seed-stage companies, though it also participates in Series A rounds for its most promising portfolio companies. WePlay Ventures launched its inaugural fund, Fund I, with a capital commitment of $15 million, which it deployed across numerous early-stage ventures. Building on this success, the firm announced its second fund, Fund II, in 2023, with an ambitious target of $50 million. This significant increase in capital signals WePlay Ventures' growing influence and its commitment to making more substantial investments in the rapidly expanding gaming ecosystem.
WePlay Ventures' investment strategy extends beyond capital provision, offering portfolio companies strategic guidance, mentorship, and access to a robust network within the gaming industry. The firm has built a diverse portfolio of over 40 gaming startups, encompassing various genres and platforms, from mobile to PC and console. Their typical initial check sizes for first-time investments generally range from $100,000 to $1,000,000, reflecting their commitment to providing meaningful early-stage capital. By focusing exclusively on gaming, WePlay Ventures leverages deep industry expertise to identify high-potential ventures and contribute to their long-term growth and success.
Investor Profile
WePlay Ventures has backed more than 20 startups, with 0 new investments in the last 12 months alone. The firm has led 8 rounds, about 40% of its total and boasts 1 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Seed, Series Unknown, Pre Seed rounds (top funding stages).
- Majority of deals are located in Turkey, Norway.
- Strong thematic focus on Gaming, Video Games, Online Games.
- Typical check size: $100K – $1M.
Stage Focus
- Seed (55%)
- Series Unknown (25%)
- Pre Seed (20%)
Country Focus
- Turkey (95%)
- Norway (5%)
Industry Focus
- Gaming
- Video Games
- Online Games
- Mobile Apps
- Software
- Pc Games
- Casual Games
- Blockchain
- Children
- Console Games
Frequently Asked Questions
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