Media: Co-founder of Tripledot Studios launches a $100 million fund to invest in mobile developers
A new fund has entered the gaming market, Bloomberg reports, citing sources. According to its information, Tripledot Studios co-founder Akin Babayigit has launched a fund called Arcadia Gaming Advisors, which will support mobile game developers.
Woodoku by Tripledot Studios
As Bloomberg writes, the fund is registered in London. Its budget currently stands at $100 million.
The fund's existence is confirmed by the UK company register. It states that Arcadia Gaming Advisors was founded at the end of last year. In addition to Babayigit, the fund's leadership also includes Orkun Kilic, founder of Berry Street Capital.
Notably, even before the fund's launch, Babayigit had repeatedly invested in gaming studios. For instance, he was among the investors of Turkish Dream Games, which developed the hit puzzles Royal Match and Royal Kingdom. Moreover, he invested in Bigger Games and Spyke Games.
In the summer of 2024, The Sunday Times ranked Babayigit 16th in its list of the richest UK business figures associated with video games, estimating his wealth at £96 million ($122 million).
Babayigit has not publicly commented on Bloomberg's report. However, a hint at his plans to venture into something new can be seen in a September LinkedIn post from the businessman. Early last fall, Babayigit wrote that he was stepping down as president of Tripledot Studios, while remaining on its board of directors. He then admitted that after many years of working in a large company, he realized he was most effective when helping a startup "transition from phase 0 to phase 1."