BV Portföy Announces Joygame Pre-IPO VCIF
BV Portföy Yönetimi A.Ş., an affiliate of Boğaziçi Ventures, is offering the opportunity to invest in Joygame, one of Turkey’s first gaming companies, which has grown 18x in the past two years. Through the “BV Portföy – Joygame Pre-IPO Venture Capital Investment Fund (VCIF)”, it is now possible to become a shareholder in Joygame, which has already started preparations for its IPO. The fund’s launch took place on September 5–6, 2023, during the Mobidictum Game Industry Conference.
A Growing Gaming Industry
The global gaming industry, now larger than the combined film and music industries, continues to thrive through every crisis. With smartphones and tablets becoming an integral part of daily life, games have expanded beyond PC and consoles into the mobile world, becoming part of the everyday lives of more than 3 billion users.
Valued at over USD 200 billion, the global gaming sector is being further transformed by artificial intelligence, mixed reality, social networks, Web 3.0, and the metaverse. These integrations are deepening the gaming experience for players while simultaneously creating new and exciting opportunities for investors.
Turkey’s Strong Role in Gaming
Turkey has a strong and lasting presence in the global gaming ecosystem, with more than 500 game development studiosand numerous internationally successful titles. In recent years, games developed in Turkey—both for PC and mobile platforms—have reached hundreds of millions of users and generated billions of dollars in annual export revenue.
Founded in 2009, Joygame has become a key player in Turkey’s gaming ecosystem. With more than 100 million playersacross PC and mobile categories and 19 creative game studios under its umbrella, Joygame offers a rich universe of games that deliver unique experiences to players worldwide.
The company operates with a strong team of around 150 employees, specializing in game design and development, data analytics, global player services, in-game event management, and digital marketing. As one of Turkey’s most experienced gaming companies, Joygame not only financially supports talented game studios but also provides mentoring and operational support to gaming entrepreneurs.
After working for some time on its IPO preparations, Joygame is now opening its doors to investors through BV Portföy.
About BV Portföy
As a subsidiary of Boğaziçi Ventures, BV Portföy exclusively establishes and manages venture capital investment funds (VCIFs), mutual funds, and hedge funds that invest in or are managed through technology.
With the addition of the Joygame Pre-IPO VCIF, BV Portföy is expanding its lineup of creative technology-focused funds. The fund provides investors with a chance to become shareholders in Joygame, a company that has grown 18-fold in just two years.
