The first investment in the Middle East and North Africa by KRAFTON, a South Korean game developer behind the popular gamePUBG, was $11 million. Existing investors and Venture Souq were also in the round.
The Series B round brings the total raised to over $17 million and values the company at around $80 million, according to Hussam Hammo, CEO and founder of the company.
Tamatem publishes games that are relevant to Arabic users.
The users need to feel that the game was made for them, not just translated from one language to another. The games are culturally relevant to the end- users. The mission of our organization is to provide the best gaming experience possible as the demand for mobile games is higher than ever.
The funding will be used to bring games with more popular titles to the Arabic-speaking market. Local talents will be hired in Saudi Arabia. The gaming industry in Saudi Arabia is growing fast.
There are a lot of big things happening for the mobile games industry in the region. We are reaping the rewards of our past successes and pushing forward with more experience. When more people invest in the industry and the region, I am always elevated, as we are at the tip of the iceberg when it comes to the massive potential of mobile games.
The startup plans to launch a gaming academy to train, educate, and elevate employment in the industry in order to push the market's growth and maturity.
The platform raises $48 million.
It has published more than 50 games since it was founded. There are over 120 million downloads and 3.5 million daily active users on the site.
The company has 75 employees and will double in size in the next six months.
All kinds of talents from all over the world will be hired by Tamatem.
There are employees in the US, India, Egypt, Saudi Arabia, Germany, Hungary, and Jordan. We opened an office in Saudi and Egypt last year and are planning to open more regional offices in other countries.
We see huge potential in the region and are happy to have started our investment journey with a publisher like Tamatem. We are willing to take more risks in the media and entertainment sector. Our efforts to strengthen our commitment to the startup community are aligned with this investment. Anuj Tandon, Head of corporate development at KRAFTON said that this is just the beginning of their many investments in this region.
Nodwin gaming has invested $22.4 million.
