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The studio of the creators of Oddmar reached a valuation of $10 million following venture capital investments

Reported by Wnhub
Oct 6, 2026· 2 min read
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Key Takeaways
  • • Mobge Games, the Turkish studio behind the Apple Design Award-winning platformer Oddmar, achieved a $10 million valuation following a venture capital investment from Joygrid Ventures; the specific investment amount was not disclosed.
  • • The studio plans to deploy the capital toward long-term game development projects with international market potential, according to co-founder and CEO Özgür Taşkın.
  • • Mobge Games is the third Turkish mobile game developer to secure venture funding since early fall, joining Circle Games ($25 million raise) and Arcustin Games ($500,000 at a $10 million valuation), signaling sustained investor appetite for the region's gaming talent.
  • • Oddmar, Mobge Games' flagship title released by the studio founded in 2012, was recognized as an Apple Design Award winner in 2018 alongside INSIDE, Alto's Odyssey, Frost, and Florence.
Summary
Mobge Games, an Izmir-based mobile game developer, has secured venture capital funding that values the studio at $10 million. Joygrid Ventures led the investment round, though the specific capital amount was not disclosed in the announcement. The funding marks a milestone for the studio, which has operated since 2012 and built its reputation on high-quality mobile gaming experiences.

Co-founder and CEO Özgür Taşkın stated that the studio will allocate the investor proceeds toward expanding development capabilities and creating new games with a focus on long-term projects capable of achieving international recognition. The capital infusion reflects investor confidence in Mobge Games' creative direction and market potential.

The funding announcement positions Mobge Games within a broader wave of venture capital activity targeting Turkish mobile game developers. Since the beginning of fall 2026, at least two other Turkish studios have announced investments: Circle Games secured $25 million, and Arcustin Games raised $500,000 at a $10 million valuation. This cluster of funding rounds underscores Turkey's growing prominence as a source of mobile gaming talent attracting institutional investor attention.

Mobge Games remains best known for Oddmar, a Viking-themed platformer that earned an Apple Design Award in 2018. The title's recognition alongside acclaimed titles including INSIDE, Alto's Odyssey, Frost, and Florence established the studio's credentials for design excellence, likely strengthening its appeal to venture investors evaluating the team's track record and potential for future hits.

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Sources

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AlphaMaven summarised this story from the reporting below. Each link opens the original article.

Wnhub The studio of the creators of Oddmar reached a valuation of $10 million following venture capital investments