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Overview
Cypher Games creates casual and puzzle-based mobile games, focusing on its own intellectual property such as the match-3 title Match Squad. The company designs and develops mobile games that are typically monetized through in-app purchases and ads. Beyond creating its own games, Cypher Games offers services to other developers, including training, porting games to different platforms, and publishing, generating additional revenue from its service offerings. The target market is the broad spectrum of casual mobile gamers. The company differentiates itself by combining IP development with professional services for third parties, enabling both own-branded titles and game-development support for other studios. The goal is to grow a portfolio of addictive, easy-to-play mobile games while providing publishing, porting, and training services to the wider game developer community.
About Cypher Games
Industries
Consulting
Consumer Software
Entertainment
Gaming
Company Size
51-200
Company Stage
Series A
Total Funding
$43.2M
Headquarters
Istanbul, Türkiye
Founded
2022
Simplify's Take
What believers are saying
- $30M oversubscribed Series A from Raine Group accelerates U.S. Match Squad launch.
- $10M seed in September 2024 doubled team for 2025 global rollout.
- Plans second game within two years post-funding.
What critics are saying
- Match Squad faces saturation from Candy Crush Soda Saga and Homescapes.
- Team expansion dilutes quality with inexperienced Istanbul-Berlin hires.
- IDFA restrictions slash ad revenue and IAP conversions by 40-60%.
What makes Cypher Games unique
- Match Squad blends match-3 with dice-based and city-building mechanics.
- Cypher Games offers third-party training, porting, and publishing services.
- Istanbul-based with Berlin office for global casual game production.
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Funding
Total Funding
$43.2M
Above
Industry Average
Funded Over
3 Rounds
Industry standards
Growth & Insights and Company News
6 month growth
↑ 1%1 year growth
↑ 4%2 year growth
↓ -1%Cypher Games has closed a $30 million Series A funding round led by The Raine Group and Play Ventures. The funding will accelerate the U.S. launch of their new social match-3 game, Match Squad, which combines match-3 mechanics with dice-based gameplay. The round was oversubscribed, with participation from MIT, E2VC, and others. The funds will support Match Squad's development and the company's long-term vision, including the creative production of a second game within two years.
Istanbul-based Cypher Games raised $10 million in a seed funding round led by Raine Group, with participation from Play Ventures, 500 Emerging Europe, King co-founder Riccardo Zacconi, former Activision Blizzard VP Humam Sakhnini, Tripledot Studios founder Akın Babayiğit, and former Light & Wonder CEO Barry Cottle. The funds will be used to double their team and prepare for the global launch of their first match-3 game in early 2025. CEO Anıl Şimşek emphasized their focus on high-quality production and the growing potential of the mobile gaming industry.
Investment will be used to expand the team sixfold, open a new office in Berlin, and create the firm's first casual title
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About Cypher Games
Industries
Consulting
Consumer Software
Entertainment
Gaming
Company Size
51-200
Company Stage
Series A
Total Funding
$43.2M
Headquarters
Istanbul, Türkiye
Founded
2022
There are no jobs for Cypher Games right now.
Find jobs on Simplify and start your career today