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.
