Vircon Legal advised No Surrender Games on its seed round led by Paribu Ventures.
No Surrender Games is a Turkish mobile gaming studio developing competitive multiplayer titles for the global player base, with a focus on engagement-driven monetization and live-ops discipline. The studio’s positioning in the competitive-multiplayer category is structurally different from the more crowded hyper-casual and casual segments of the Turkish gaming landscape: it requires deeper engineering investment in live infrastructure and tighter ongoing live-ops cadence, but rewards that investment with materially better long-term retention and player-LTV economics.
Turkey has become one of the most strategically important mobile gaming hubs in the world over the past five years, on the back of a deep talent pool, internationally competitive cost structure and a string of category-defining exits. Competitive multiplayer specifically sits in the higher-value tier of mobile gaming where revenue per engaged user is a multiple of the casual benchmark, and where investor interest from gaming-native and crypto-adjacent capital has been particularly active — especially around studios that can credibly bridge between traditional live-service monetization and emerging on-chain reward models.
Paribu Ventures is the venture arm of Paribu, one of Turkey’s leading crypto-asset platforms; the fund invests in gaming, Web3 and fintech projects, bringing both capital and crypto-ecosystem distribution to its portfolio. For a competitive multiplayer studio considering on-chain elements in its long-term economy design, having a crypto-ecosystem investor on the cap table provides optionality around future tokenization without locking the studio into a Web3-only positioning at the seed stage.
The Vircon Legal team on this matter was led by Managing Partner Erdem Mümtaz Hacıpaşaoğlu.
The company and investors in this deal on Çıtayı Yükseltenler
- From the investor side: Erman Taylan (Paribu Ventures) on Çıtayı Yükseltenler #50
Çıtayı Yükseltenler is the Turkish-language podcast hosted by Managing Partner Erdem Mümtaz Hacıpaşaoğlu.
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