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.
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About Cypher Games
Industries
Company Size
51-200
Company Stage
Series A
Total Funding
$43.2M
Headquarters
Istanbul, Türkiye
Founded
2022
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Simplify's Take
What believers are saying
- Cypher listed Match Squad on Google Play by July 2026.
- Cypher hired Growth Manager and data engineers in August 2026.
- The 2025 financing funded U.S. launch plus early work on a second game.
What critics are saying
- Match Squad is Cypher's only launched title, concentrating revenue on one game.
- Puzzle acquisition pits Cypher against Scopely, King, and Playtika for expensive users.
- A weak 2026 U.S. launch burns Cypher's $40 million runway and blocks sequel development.
What makes Cypher Games unique
- Raine, Play Ventures, and MIT backed Cypher's $30 million Series A in 2025.
- Match Squad blends match-3, dice, and city-building mechanics.
- Cypher still hires AI, data, and growth talent in Istanbul during 2026.
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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
9%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
Company Size
51-200
Company Stage
Series A
Total Funding
$43.2M
Headquarters
Istanbul, Türkiye
Founded
2022
Cypher Games is Hiring for 10 Jobs on Simplify!
Find jobs on Simplify and start your career today