Laton Ventures Secures $50 Million For Global Investment In Gaming Startups

According to Odaily, Turkish venture capital firm Laton Ventures has successfully raised $50 million to invest globally in seed and pre-seed stage gaming and application startups. The firm has clarified that the funds will not be allocated to Web3 or cryptocurrency-related business models. Last April, Laton Ventures launched a $35 million global gaming venture fund, emphasizing the significance of artificial intelligence and Web3 technologies in gaming. Laton Ventures' investment portfolio includes mobile gaming studios and innovative social gaming platforms. The fund's investors comprise over 40 prominent entrepreneurs and senior executives from the gaming and technology sectors across more than 10 countries, including founders or former executives from companies like Peak, Gram, Loop, and Huuuge. Additionally, major corporations such as Supercell, the developer of 'Clash of Clans,' and Tibas Ventures, the venture capital arm of Turkey's largest private bank İş Bankası, along with several institutional investors and family offices, have supported the fund.