Boğaziçi Ventures

Boğaziçi Ventures invested 2.75 million TL in Funrika!

Funrika which develops hybrid casual games and is known for its Top Race game received investment from Boğaziçi Ventures.

Boğaziçi Ventures, which establishes and manages funds investing in technology, invested 2.75 million TL in Funrika which develops hybrid casual games, through BV Growth fund which focuses on gaming, fintech, digital health and retail tech.

Founded by Cem Köne and Can Köne in 2011, Funrika has been developing mobile-oriented games since its establishment and finally achieved success with the game Top Race.

Announcing the investment news for the first time on Youtube, Boğaziçi Ventures hosted Cem Köne and Can Köne who are the founding partners of Funrika, and talked about hybrid and hypercasual games’ place in the market, business model, future and trends.

“I believe the team is very close to success.”

Burak Balık, a co-founder of Boğaziçi Ventures, stated that the team has been in the startup ecosystem for a long time and they are very close to success. Burak Balık said, “There are criteria we look for in a team before making an investment decision, if the team meets them, we make the investment decision. I can say that Funrika fits all of these criteria. When we met with the team, considering our criteria such as the team’s vision, history and dream of becoming a unicorn, everything exactly matched our strategy.”

Cem Köne, one of the founding partners of Funrika, stated that they especially focus on competition in their games, which is the most important factor that makes the game fun, and competition also increases the rate of keeping the user in the game. He also emphasized that players get bored of the single-player experience very quickly, multiplayer games allow players to socialize, so they are more connected to the game. At the same time, Funrika continues to improve and develop the user experience day by day in its AI-based games called Top Race, which also includes the chance factor. The Funrika team said, “We trust the experienced team of Boğaziçi Ventures and this investment is actually of great importance for our future success. We want to reach the global, especially the Asian market, and we are very hopeful that these connections will be provided by Boğaziçi Ventures.”

About Funrika:

Funrika is a mobile game studio that develops hybrid casual games founded by Cem Köne and Can Köne in 2011. Funrika, which has developed games such as Top Race, Magic Pop and Bloxz until now, focuses on multiplayer games.