NEWSROOM

WePlay GSYF, established with the joint venture of Hedef Portföy and WePlay Ventures, was offered to investors after receiving approval from the CMB. Venture capital investment fund established with a single asset model; Turkey will become a partner of WePlay Ventures, a gaming investment company that has 38 different gaming startups from 8 countries in Europe and Central Asia in its portfolio.

TURKEY - According to the Turkey Entrepreneurship Ecosystem Report prepared by startups.watch, the number and amount of investments made in the first nine months of the year exceeded pre-pandemic levels. New news came from the gaming industry, which receives the largest share of investments. Hedef Portföy Yönetimi A.Ş. WePlay GSYF, established in cooperation with WePlay Ventures and WePlay Ventures, was offered to investors with the Capital Markets Board (CMB) approval. Venture capital investment fund established with the "single asset" model, which has attracted great attention in recent years; Turkey will become a partner of WePlay Ventures, which has 38 different gaming startups in its portfolio from 8 countries in Europe and Central Asia.

WePlay GSYF, implemented by Hedef Portföy, one of Turkey's leading portfolio management companies, offers its investors the opportunity to become partners in WePlay Ventures' portfolio, which aims to reach a size of 10 million Euros. WePlay Ventures aims to expand its activities in Europe and Central Asia to 18 countries with its venture capital investment fund and to become the most active gaming investment company in the region by adding 350 gaming startups to its portfolio within 4 years.

Aims to invest in 350 startups

Making a statement on the subject, WePlay Ventures Managing Partner Bora Koçyiğit said, “As WePlay Ventures, we have incorporated 38 gaming startups since 2020, making significant contributions to developing the gaming ecosystem in Turkey and the region. In addition to the financial support we provide, we enable startups to scale much faster with the strategic support we provide to startups. With WePlay GSYF, we aim to become the region’s most active game investment company with more than 350 investment targets by reaching early-stage game startups in Turkey, Europe and Central Asia.”

Reminding that WePlay Ventures, which started its activities in 2020, attracted attention by exiting 11 months after investing in Udo Games last year, Bora Koçyiğit said, “As WePlay Ventures, we invest in early-stage game companies in the fields of mobile, computer, console and Web3. There are 38 game startups from 8 countries in our portfolio. We bring a new breath to the investment field with the acceleration program we call WePlay HUB, which we launched this year. We started to provide serious technical and managerial support for early-stage game startups and to expand the portfolio much faster.”

“An opportunity for investors to invest in the gaming industry, which has grown by 248% globally.”

The General Manager of Hedef Portföy, Ercan Güner, stated, "As Hedef Portföy, within the framework of our vision to support the entrepreneurship ecosystem, we have decided to collaborate with WePlay Ventures, which makes a significant contribution to the gaming world. We believe that WePlay GSYF, established as a joint venture, will be a transformative player in the global gaming industry. The gaming industry, expected to exceed $280 billion by the end of 2023, has become one of the world's largest sectors. With 3.24 billion active players still present in the sector, which is projected to reach a size of $665.77 billion by 2030, we are pleased to invest in a promising and innovative field at Hedef Portföy. We draw all investors' attention to WePlay GSYF, which operates under a 0% tax and 0% withholding tax regime according to current tax regulations.