BV Portföy Announces ‘Joygame Pre-IPO VCIF’ Fund

BV Portföy Yönetimi A.Ş. now offers investors the opportunity to invest in Joygame, one of Turkey’s first gaming companies, which has grown 18-fold in the past two years. As Joygame prepares for its public offering, investors can now gain exposure through the newly launched “BV Portföy – Joygame Pre-IPO Venture Capital Investment Fund (VCIF)”. The fund’s launch took place at the Mobidictum Game Industry Conference 2023, held on September 5–6.

The gaming industry, larger than the film and music industries combined and resilient in the face of crises, continues to generate exciting opportunities. With smartphones and tablets now central to everyday life, gaming has moved far beyond PCs and consoles into mobile platforms, becoming an inseparable part of daily life for over 3 billion users worldwide. As the global gaming industry—worth over $200 billion USD—integrates with AI, mixed reality, social networks, Web 3.0, and the metaverse, it offers deeper experiences for players and new opportunities for investors.

Turkey holds a strong and lasting position in the global gaming ecosystem, boasting over 500 game development studiosand many internationally successful titles. In recent years, Turkish-developed games on both PC and mobile platforms have reached hundreds of millions of users, generating billions of dollars in export revenue.

Founded in 2009, Joygame is a prominent player in this ecosystem. With more than 100 million players across PC and mobile platforms and a network of 19 creative studios, Joygame offers a broad gaming universe to players around the globe. The company operates with a dedicated team of around 150 professionals across game design and development, data analytics, global player support, in-game event management, and digital marketing. Known as one of Turkey’s most seasoned gaming companies, Joygame also provides financial backing to talented studios and supports game entrepreneurs with its experienced team. Now preparing for an IPO, Joygame is opening its doors to investors through BV Portföy.

As a subsidiary of Boğaziçi Ventures, BV Portföy exclusively establishes and manages venture capital, variable, and hedge funds that either invest in or are managed through technology. With a focus on creative and tech-centric investment strategies, the firm is introducing its newest fund: Joygame Pre-IPO VCIF, giving investors a chance to become shareholders in one of Turkey’s fastest-growing game companies.

The fund was officially announced during the Mobidictum Game Industry Conference, held at Haliç Congress Center on September 5–6, which brought together the key players of the digital gaming industry.

About BV Portföy:
BV Portföy Yönetimi A.Ş. (“BV Portföy”) establishes and manages venture capital investment funds targeting technology companies, thematic funds composed of technology-focused equities, and traditionally managed funds enhanced through technology. BV Portföy also offers investment fund establishment and management services under the supervision of Turkey’s Capital Markets Board (CMB) for both individual and institutional investors. It is a wholly owned subsidiary of Boğaziçi Ventures.

About Boğaziçi Ventures:
Boğaziçi Ventures is a leading alternative investment firm focused on founding and managing funds that invest in technology companies across various verticals and geographies, while delivering high-level added value to its portfolio companies. The team and partners at Boğaziçi Ventures, having invested in over 100 tech companies, actively engage in the startup ecosystem—mentoring entrepreneurs and providing strategic support on their path to global success. Boğaziçi Ventures group companies also offer custom fund structures and custody services for digital assets tailored to investor needs.
More info: www.bogaziciventures.com