Vircon Legal advised Tiplay on its pre-Series A round and concurrent secondary sales backed by Re-Pie and a syndicate of angel investors.
Tiplay is a Turkish mobile gaming studio with a portfolio of casual and hyper-casual titles targeted at the global player base, supported by a strong live-ops and user-acquisition capability. The studio operates against an international audience from launch, treating creative testing, user acquisition and monetization design as a single integrated workflow — the operating discipline that distinguishes the top tier of Turkish studios at the scaling stage.
Turkish mobile gaming has matured into one of the world’s most strategically important production hubs, on the back of a deep talent pool, internationally competitive cost structure and a track record of category-defining exits across hyper-casual and casual genres. Pre-Series A is a strategically significant round in this category: it’s the point at which a studio with a proven hit-rate converts that capability into a multi-title portfolio strategy, and the point at which early stakeholders — founders, key contributors and angel backers — frequently take partial liquidity through structured secondary components. Combining primary growth capital with a calibrated secondary keeps the cap table aligned for the next institutional financing while letting early supporters crystallize a portion of value.
Re-Pie is a Turkish asset management firm with an active venture and fund-of-funds practice; combined with a senior angel syndicate, the round delivered patient growth-stage capital alongside operator-led validation. For a gaming studio at this stage, having institutional growth capital backed by operator-investors with portfolio peers in the same category compounds in both diligence depth and ongoing strategic support.
Author
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View all postsMümtaz is the Managing Partner of Vircon Legal, which he founded in 2016. He advises founders, investors and operators on financing rounds, M&A, cross-border incorporations and regulated verticals — including crypto-asset infrastructure, fintech and games — bringing a former startup founder's perspective to every engagement.