Agave Games Secures $18M Funding for Find the Cat App
In a groundbreaking move, Agave Games, a Turkish startup, has successfully secured a staggering $18 million in funding for their hit casual mobile game, Find the Cat. This funding, part of their Series A round, is poised to catapult the company to new heights as they expand their team and work on creating more innovative titles in the coming year.
Success in the Casual Mobile Games Industry
Casual mobile games have been dominating the market recently, with word puzzles, physical puzzles, number puzzles, and farm-building games attracting massive audiences and generating substantial revenues. Find the Cat, a game that challenges players to locate hidden felines in intricate Where’s Wally-style drawings, achieved an impressive milestone by crossing 10 million downloads within its first quarter of release in August. Investors are already drawing parallels between Agave Games and the highly successful Tripledot, a renowned casual mobile game studio that has garnered substantial funding at a significant valuation.
Investors Rally Behind Agave Games
The recent funding round was co-led by Felix Capital and Balderton Capital, with E2VC also participating. Notably, Balderton had previously led Agave’s seed round, which included Akin Babayigit, co-founder of Tripledot Studios, as an investor. With this latest injection of funds, Agave Games has raised a total of $25.5 million, propelling their post-money valuation to approximately $100 million.
From Humble Beginnings to Global Success
Agave Games’ journey from a modest startup to a major player in the gaming industry is a testament to the perseverance and vision of its CEO, Alper Oner. After studying computer engineering at UC Berkeley in the United States, Oner returned to Turkey and, alongside his high school friends Ali Baran Terzioglu, Burak Kar, and Oguzhan Merdivenli, embarked on a mission to create engaging and accessible games. Their focus on casual games, driven by personal interests and tech expertise, has proven to be a winning formula, culminating in the remarkable success of Find the Cat.
The company’s strategic use of AI in the creative process, combined with a talented team dedicated to refining gameplay mechanics, has positioned Agave Games for continued growth and innovation. With their sights set on further developing personalized gaming experiences, Agave Games is poised to make a significant impact in the industry.
As Rob Moffat from Balderton Capital aptly puts it, Agave Games has the potential to become a powerhouse in the gaming world, thanks to their commitment to delivering polished, engaging gameplay experiences. The future looks bright for Agave Games as they continue to push boundaries and redefine the casual gaming landscape.