BlockGate received an investment with a valuation of 5 million dollars.
Founded by Fatih Yıldırım and Nihat Yılmaz Şimşek in 2022, BlockGate is an Istanbul-based game and technology company. The company completed its pre-seed investment tour with a valuation of 5 million dollars.
Yıldız Tekno GSYO and Kalyon Ventures participated in the investment tour with BlockGate, which was established to develop online mid-core mobile games and apps. BlockGate, located in Yıldız Technopark, has a background in developing mobile games and blockchain-based Play-To-Earn games. The company started its operations in July 2022 and started to develop games by rapidly growing BlockGate’s team with the investments they received. The mobile game that they have been working on for about six months, is planned to be published in the second half of 2023.
BlockGate will use the investment to release Car Warriors, the first game they’re developing, and grow their team. They are also planning on continuing to bring innovative apps and game models into the world in the future.