Kumsal Games
Mobile puzzle and strategy game studio.
Kumsal Games is a studio developing mobile puzzle and strategy games. Its four titles reached 62 million downloads in total, and monthly active players exceeded 5 million. With Sarmal's support the studio reduced publisher dependence and built its own advertising and in-app purchase infrastructure.
Investment facts
- Sector: Gaming
- Sarmal's first investment: 2019, at Seed stage, USD 1,500K
- Fund: Fund I
- Founders: Taylan Eren, Seda Kurtuluş
- Headquarters: Istanbul
- Employees: 74
- Status: Exited
Exit
Acquired by a European game publisher in 2024; the net multiple on Sarmal's investment was 4.2x.
For collaboration or corporate pilot requests regarding this company, you can contact the Sarmal Ventures platform team.
Why we invested
At the time of investment, the studio's player retention rates were in the top quartile of the industry. At Sarmal we worked together to reduce publisher dependence, build its own analytics infrastructure and raise early advertising revenue. The exit took place with most of the team staying on.
Sarmal Ventures handles press and collaboration requests about portfolio companies through its platform team; the company's latest metrics are published in the annual report.
