About WePlay Ventures
WePlay Ventures is a venture capital firm founded in 2020. It is primarily based out of Istanbul, Turkey. As of Apr 2024, WePlay Ventures has invested in 17 companies. It primarily invests in Seed round in Turkey based startups. Its investments are spread across a wide range of sectors from Gaming to Blockchain Technology and High Tech. Most recently it participated in the $***** Seed round of Mixer A lot of funds co-invest with WePlay Ventures, with names like Lima Ventures sharing a substantial percentage of its portfolio. WePlay Ventures has team of 6 people including 1 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed
WePlay Ventures' List of Top Investments
WePlay Ventures has a portfolio of 17 companies. Their most notable investments are in Studio Billion and njoyKidz.Their portfolio spans across and Turkey. They have invested in Gaming, Blockchain Technology, High Tech and 4 other sectors, across stages such as Seed stage. Here is the list of top investments by WePlay Ventures:1. Udo Games
Mobile games publisher. The games published by the company include Afacan, Incredible Toys, zlax.io, and more. The games are available for Android users.
Key facts about Udo Games
- Founded Year: 2013
- Location: Cankaya (Turkey)
- Stage: Seed
- Total Funding till date: $420K
- Employee Count: 159 as on Sep 30, 2026
- Investors: Kube VC, WePlay Ventures and 4 Others
- Latest Funding Round: Seed, Jul 28, 2021, $*****
Developer of blockchain-based play to earn games. The company offers "Vieverse” platform, which allows users to earn income with different models such as play-to earn, watch-to earn, and create-to earn, with the Abrakadabra Token.
Key facts about Abrakadabra Games
3. Gnarly
Developer of mobile-based casual video games. The company has developed games such as Bouncy battle, Brick breaking battle, Color brawl, Area painting, and Cetchy online battle arena. They also develop multiplayer online games by combining innovative game concepts with scalable network systems. The games are available on the google play store.
Key facts about Gnarly
- Founded Year: 2020
- Location: Istanbul (Turkey)
- Stage: Funding Raised
- Employee Count: 10 as on Aug 31, 2026
- Investors: INVEXEN and WePlay Ventures
4. Apphic Games
Developer of PC and mobile-based hypercasual games. The games developed by the company include Pillow Party - an action game, Podium Walk, Iron Ride, Antique Master -a simulation game, and more. These games are available for Android and iOS users. It monetizes through in-app ads and purchases.
Key facts about Apphic Games
- Founded Year: 2020
- Location: Beykoz (Turkey)
- Stage: Seed
- Total Funding till date: $167K
- Employee Count: 3 as on Aug 31, 2026
- Investors: INVEXEN, WePlay Ventures and 2 Others
- Latest Funding Round: Seed, Jan 10, 2023, $*****
- Highlight: Editors' Pick
Studio Billion is an independent mobile game development company that specializes in developing action and word games. One of the games developed by the company is "Spin Warriors Istanbul". It develops games for Android and iOS devices. It generates revenue through advertisements and in-app purchases.
Key facts about Studio Billion
- Founded Year: 2017
- Location: Kagithane (Turkey)
- Stage: Seed
- Employee Count: 7 as on Aug 31, 2026
- Investors: INVEXEN, WePlay Ventures and 3 Others
- Latest Funding Round: Seed, Aug 03, 2023, $*****
WePlay Ventures' Year-on-Year Investment Trends
WePlay Ventures has invested in 17 companies over the last 6 years, with an average of 1 new investment annually in the last 5 years. Its most recent first time investment was in One Percent and most recent follow-on round was in Mixer.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 1 | 1 |
2023 | 2 | 0 | 2 |
2022 | 4 | 0 | 4 |
2021 | 8 | 0 | 8 |
2020 | 2 | 0 | 2 |
WePlay Ventures' Investments by Stage
WePlay Ventures has made 16 investments in Seed stage with an average round size of $1.03M.WePlay Ventures' Investments by Sector
WePlay Ventures has a diverse portfolio, with companies operating in the Gaming, Mobile, Blockchain Technology, FinTech and High Tech. Notably, it has invested in 15 Tech companies, 14 Consumer (B2C) companies, 7 Software companies and at least 2 companies focusing on Blockchain.Sector | No. of Investments |
|---|---|
Gaming | 14 |
Mobile | 9 |
Blockchain Technology | 3 |
FinTech | 3 |
High Tech | 3 |
Others | 4 |
Note: We have considered here, only first round of investments
WePlay Ventures' Investments by Geography
WePlay Ventures has made most investments in Turkey (16).WePlay Ventures' recent investments
WePlay Ventures has not made any investment in 2026 so far.Here are the most recent investments by WePlay Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Apr 05, 2024 | Turkey | Seed | 4437 | ||
Aug 31, 2023 | Turkey | Seed | 2026 | ||
Aug 03, 2023 | Turkey | Seed | 1781 | [+1] | |
Aug 25, 2022 | Turkey | Seed | 4386 | [+4] | |
Jul 21, 2022 | Turkey | Seed | 6881 |
Team profile of WePlay Ventures
WePlay Ventures has a team of 6 members including 1 Partner and 1 Principal located in Netherlands and Turkey. WePlay Ventures' team does not sit on the board of any company as of now.Co-investors of WePlay Ventures
Over the past 6 years, 12 investors have co-invested in WePlay Ventures's portfolio companies. This includes funds and angels.
- Invested before WePlay Ventures: Tarvenn has invested before WePlay Ventures.
- Top Co-investors of WePlay Ventures: 9 investors entered a company along with WePlay Ventures. These include investors like Lima Ventures (3 companies).
- Invested after WePlay Ventures: Link Bilgisayar (1 company) and Lima Ventures (1 company) are the investors which have invested in WePlay Ventures's portfolio after their investments.
Recent News related to WePlay Ventures
•
Local game company Mixer Games received investment at a valuation of $ 5 millionWebrazzi•Apr 05, 2024•Mixer, WePlay Ventures, Diffusion Capital Partners
•
New fund in cooperation with WePlay Ventures and Hedef Portföy: WePlay GSYFegirisim•Dec 05, 2023•WePlay Ventures, HEDEF Portfoy, WePlay GSYF
•
Hedef Girişim invested 500 thousand euros in WePlay Ventures with a valuation of 25 million eurosWebrazzi•Oct 19, 2023•Hedef Venture Capital Investment Trust, WePlay Ventures
•
Domestic game studio One Percent received investment at a valuation of $ 2.5 millionWebrazzi•Aug 31, 2023•WePlay Ventures, One Percent, Startgate
•
•
Studio Billion receives investment from Aura B4YO Fund, WePlay Ventures, and Lima VenturesMobidictum•Aug 03, 2023•Studio Billion, B4YO Capital, WePlay Ventures, Lima Ventures
•
WePlay Hub launches its first program with 14 game studios from 7 countriesegirisim•Jul 25, 2023•WePlay Ventures
•
•
Domestic game investment company WePlay Ventures opens to the European and Central Asian marketegirisim•Mar 29, 2023•WePlay Ventures
•
Domestic game company Funverse Games received an investment over $ 6 million valuationegirisim•Jan 20, 2023•Funverse Games, WePlay Ventures, Alfin, Yıldız Tekno GSYO and 2 others
