Laton Ventures, a venture capital firm, has raised $35 million to invest in gaming companies.
Laton will focus on providing funding to startups in their early stages, with the goal of supporting their growth into major players in the industry. Operating in both Turkey and the global gaming market, Laton aims to bridge the gap between these two ecosystems.
As well as financial backing, Laton offers advisory services in crucial areas such as “UA, Game Design, Development, and Analytics”. Despite its team’s background primarily in mobile gaming, the firm’s investment strategy will encompass various gaming platforms. Notably, Laton has already invested in five companies within the past six months.
Who are ‘They’?
Founded by industry veteran Görkem Türk, Laton has garnered support from over 20 industry experts, including notable figures like “Gram Games Co-founder Mehmet Ecevit, Ruby Games Founder Mert Can Kurum, and Gossamer founder Eric Kress”. Backers also include prominent entities such as Supercell and the VC arm of Turkish private bank İşBank. Türk attributes Laton’s successful fundraising in part to its strong connections within Turkey’s gaming ecosystem, boasting renowned studios like Gram Games, Dream Games, and Rollic.
Despite challenges facing the industry and a recent decrease in investments, Türk remains optimistic about the opportunities present in gaming. He highlights the industry’s continual evolution and the increasing number of global gamers, foreseeing significant opportunities for growth and innovation. Moreover, Türk acknowledges the supportive regulatory environment in Turkey, helping mitigate investment risks and fosters entrepreneurial endeavors within gaming.
