Midas Games Company Profile

Background

Midas Games, established in 2024 and headquartered in Istanbul, Turkey, specializes in developing skill-based and competitive mobile games. The company's mission is to provide players with engaging gaming experiences that reward skill, strategy, and perseverance. By focusing on these elements, Midas Games aims to carve a niche in the rapidly evolving mobile gaming industry.

Key Strategic Focus

Midas Games concentrates on creating scalable, skill-based, and competitive mobile games designed to appeal to a global audience. The company leverages its team's extensive experience in mobile game development, publishing, software engineering, and game law to develop innovative gaming solutions. Their primary objective is to deliver games that not only entertain but also challenge players, fostering a sense of achievement and engagement.

Financials and Funding

In March 2024, Midas Games secured a $1 million pre-seed investment led by Ludus Ventures. This funding marks the first investment from Ludus Ventures' second fund, established in partnership with Tera Portföy. The capital is intended to support the development and launch of Midas Games' initial titles, with plans to release the first games in the latter half of 2024.

Pipeline Development

Midas Games is in the process of developing its inaugural portfolio of skill-based and competitive mobile games. The first releases are scheduled for the second half of 2024. These games aim to provide players with rewarding experiences that emphasize skill and strategy. Specific details regarding the titles and their features are anticipated to be disclosed closer to their release dates.

Technological Platform and Innovation

The company employs proprietary technologies and innovative methodologies to develop its games. While specific technological platforms have not been publicly detailed, the team's background suggests a strong foundation in software development and game design. This expertise is expected to drive the creation of unique gaming experiences that stand out in the competitive mobile gaming market.

Leadership Team

Midas Games boasts a leadership team with diverse and extensive experience in the gaming industry:

Selçuk Korateş, Co-Founder & Chief Executive Officer: Formerly with Rollic, a company acquired by Zynga, Korateş brings significant experience in game development and publishing.

Hikmet Duran, Co-Founder & Chief Operating Officer: Previously collaborated with Ulutaş and Öztürk at Gigantic Games, contributing to 25 million downloads.

Fatih Karadeniz, Co-Founder & Chief Technology Officer: With over 20 years in software development, Karadeniz led the creation of internet branches for stock brokerage firms and developed the technical infrastructure for Turkey's largest mobile marketing platform.

Mert Ulutaş, Co-Founder & Art Director: Worked alongside Duran and Öztürk at Gigantic Games, contributing to significant download milestones.

Emre Öztürk, Co-Founder & Lead Game Developer: Part of the trio at Gigantic Games, bringing valuable development experience to Midas Games.

İlkim Ülgen, Co-Founder & Legal Advisor: An expert in IT and mobile game law, Ülgen ensures the company's compliance and legal strategies align with industry standards.

Leadership Changes

As of June 2025, there have been no reported changes or appointments within Midas Games' leadership team.

Competitor Profile

Market Insights and Dynamics

The mobile gaming industry continues to experience robust growth, driven by increasing smartphone penetration and a growing appetite for interactive entertainment. Skill-based and competitive games are gaining popularity, offering players more engaging and rewarding experiences. This trend presents significant opportunities for companies like Midas Games to capture market share by delivering innovative and challenging content.

Competitor Analysis

Midas Games operates in a competitive landscape alongside several notable companies:

PlayEmber: A mobile game studio known for creating engaging games, boasting over 120 million downloads.

Zupee: An Indian mobile gaming platform offering skill-based games for real cash prizes, with over 20 million downloads.

Kek Entertainment: A gaming company focused on creating AAA games that are engaging and fun, comprising veterans from renowned game development companies.

Outplay Entertainment: A social gaming company specializing in cooperative or competitive multiplayer games that offer a persistent game experience across multiple platforms.

These competitors have established significant user bases and offer a variety of gaming experiences, highlighting the need for Midas Games to differentiate itself through unique game mechanics and engaging content.

Strategic Collaborations and Partnerships

Midas Games' partnership with Ludus Ventures has been instrumental in securing the necessary funding and support for its initial game development efforts. This collaboration provides not only financial backing but also strategic guidance, enabling Midas Games to focus on creating high-quality gaming experiences.

Operational Insights

In the competitive mobile gaming market, Midas Games' emphasis on skill-based and competitive games serves as a key differentiator. By focusing on rewarding player skill and strategy, the company aims to attract a dedicated player base seeking more challenging and engaging content. Leveraging the leadership team's extensive experience in game development and publishing positions Midas Games to effectively navigate market challenges and capitalize on emerging opportunities.

Strategic Opportunities and Future Directions

Looking ahead, Midas Games plans to expand its game portfolio, exploring new genres and incorporating innovative technologies to enhance player engagement. The company's commitment to rewarding skill and strategy aligns with current market trends, positioning it to capture a growing segment of players seeking more meaningful gaming experiences. Continued collaboration with strategic partners and a focus on quality game development will be crucial in achieving these objectives.