December 8 2022 11:59 AM E-paper Subscribe Sign in My Account Sign out

Tamatem raises $11m in funding round led by KRAFTON

Tamatem
(Photo: Tamatem Games)
AMMAN — Tamatem Games, a leading Arabic mobile games publisher, raised $11 million in a Series B funding round led by South Korean video game developer KRAFTON, Inc. — the makers of the popular battle royale game PUBG. The funding round also saw participation from Venture Souq, Endeavor Catalyst, and other existing investors.اضافة اعلان

According to a press statement, Tamatem has seen great successes since its launch, leveraging over 100 million game downloads and gaining widespread international recognition for its publishing efforts in the region.

With the investment in play and following its previous publishing successes, Tamatem plans on amplifying its efforts even further by bringing a wider selection of games with bigger and more popular titles to the Arabic-speaking market. “The demand for relatable and enjoyable mobile games is higher than ever, and our mission is to provide our region with the best gaming experience possible,” said Tamatem CEO and founder, Hussam Hammo
MENA’s leading publisher will also carry out its growth strategy of increasing its presence in the region by expanding offices in Saudi Arabia to hire local Saudi talent and have a stronger foothold in the country that harbors 70 percent of its users.

Alongside its expansion efforts in Saudi Arabia, Tamatem also plans to expand into more countries in the region. It will also launch a gaming academy to train, educate, and elevate employment in the industry is also on the horizon for Tamatem in pursuit of pushing market growth and maturity.

Tamatem is recognized as one of the most funded gaming startups in the region, raising over $17 million in funding since its establishment in 2013.


Read more Business