About Paxie Games
Paxie Games is a company based in Kadikoy (Turkey) founded in 2021 by Refik Anıl Bulut and Huseyin Anil Ozmen was acquired by DoubleUGames in December 2024.. Paxie Games has raised $3 million across 1 funding round from investors including DoubleUGames, Alfa Games Partners and Ludus Ventures. Paxie Games offers products and services including Merge Studio: Fashion Makeover, Tile Star: Match Puzzle Game, and Mahjong Infinity: Tile Match. Paxie Games operates in a competitive market with competitors including Zynga, Scopely, Tripledot, Jam City and Rovio, among others.
- Headquarter Kadikoy, Turkey
- Founders Refik Anıl Bulut, Huseyin Anil Ozmen
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Sectors
Media & Entertainment
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Email
***********
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$3 M (USD)
in 1 rounds
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Latest Funding Round
$3 M (USD), Seed
Apr 05, 2023
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Investors
DoubleUGames
& 2 more
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Employee Count
Employee Count
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Acquired by
DoubleUGames
(Dec 26, 2024)
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Products & Services of Paxie Games
Paxie Games offers a comprehensive portfolio of products and services, including Merge Studio: Fashion Makeover, Tile Star: Match Puzzle Game, and Mahjong Infinity: Tile Match. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Combines merge puzzles with fashion makeovers for engaging player transformations.
Features tile-matching challenges with glamorous makeovers for brain-teasing fun.
Offers mahjong puzzles with fashion elements for relaxing and strategic gameplay.
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Funding Insights of Paxie Games
Paxie Games has successfully raised a total of $3M through 1 strategic funding round. The most recent funding activity was a Seed round of $3 million completed in April 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $3.0M
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First Round
First Round
(05 Apr 2023)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Apr, 2023 | Amount | Seed - Paxie Games | Valuation | Ludus |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Paxie Games
Paxie Games has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include DoubleUGames, Alfa Games Partners and Ludus Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Ludus Ventures is focused on investing in gaming startups.
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Mobile game development studio
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Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Paxie Games
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Paxie Games
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Paxie Games Comparisons
Competitors of Paxie Games
Paxie Games operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Zynga, Scopely, Tripledot, Jam City and Rovio, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
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Casual mobile games are developed, published, and operated across platforms.
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Mobile games are developed and published by Jam City.
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King is recognized as a leading interactive entertainment company focused on mobile gaming.
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Paxie Games
Frequently Asked Questions about Paxie Games
When was Paxie Games founded?
Paxie Games was founded in 2021 and raised its 1st funding round 2 years after it was founded.
Where is Paxie Games located?
Paxie Games is headquartered in Kadikoy, Turkey. It is registered at Kadikoy, Istanbul, Turkey.
Is Paxie Games a funded company?
Paxie Games is a funded company, having raised a total of $3M across 1 funding round to date. The company's 1st funding round was a Seed of $3M, raised on Apr 05, 2023.
What does Paxie Games do?
Paxie Games was founded in 2021 in Kadikoy, Turkey, as a mobile game development studio. Operations center on creating casual and hybrid genres, along with solutions for games inspired by real-life experiences. The company serves the gaming sector through multi-genre approaches, with co-founders Refik Anil Bulut and Huseyin Anil Ozmen leading technical and strategic efforts. Development activities are based in Turkey, targeting mobile platforms globally.
Who are the top competitors of Paxie Games?
What products or services does Paxie Games offer?
Paxie Games offers Merge Studio: Fashion Makeover, Tile Star: Match Puzzle Game, and Mahjong Infinity: Tile Match.
Who are Paxie Games's investors?
Paxie Games has 3 investors. Key investors include DoubleUGames, Alfa Games Partners, and Ludus Ventures.