12/25/2024

Agave Games Secures USD 18 Million in Series A Funding

Türkiye-based developer and the creator of the hit mobile game Find the Cat, Agave Games announced it raised USD 18 million in a Series A funding round. The high-flying gaming studio plans to use the investment to expand its team and develop new titles, with at least two releases expected in the coming year.

The funding round was co-led by Felix Capital and Balderton Capital, with participation from e2vc, all of which were already existing investors in Agave Games. This latest round brings the company's total funding to USD 25.5 million, valuing it at approximately USD 100 million post-investment.

Find the Cat—a casual mobile game that challenges players to locate cats in complex Where's Wally-style illustrations—has seen explosive growth since its launch in August 2024. The game achieved over 10 million downloads in its first quarter, cementing its place as a rising star in the casual gaming market.

Agave Games' success reflects a broader trend of Türkiye emergence as the nexus of innovation. The trend began with Peak Games, acquired by Zynga for USD 1.8 billion in 2020. Former Peak employees have since gone on to establish prominent gaming studios such as Dream Games, which recently raised USD 255 million, and Spyke, which secured USD 50 million in funding earlier in 2024.

With this new funding, Agave Games is poised to solidify its position in the mobile gaming market and deliver fresh, engaging content to a growing global audience.

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Türkiye; NexusoftheWorld; gaming; innovation; technology