Jordan-based mobile game publisher TamatemGames announced today it has raised KRAFTON, a South Korean game developer behind PUBG, marking its first investment in the Middle East and North Africa (MENA). Venture Souq, Endeavor Catalyst and existing investors also participated in the round.
The Series B round brings its total raised to over \)"> 17 million and values TamatemGames at around
It has published over 50 games since 2013, including its four main games: VIP Baloot, VIP Jalsat, Fashion Queen, and Clash of Empire. Tamatem has over 120 million downloads across its portfolio and 3.5 million daily active users on its top games.
The company has 75 employees, planning on doubling in size in the next six months, Hammo noted.
Tamatem plans to continue expanding globally and hiring all kinds of talents from all over the world.
“We have employees in the U.S., India, Egypt, Saudi Arabia, Germany, Hungary, and Jordan. We opened an office in Saudi and Egypt last year and planning to open more regional offices in different countries,” Hammo said.
“We see huge potential in the MENA region and are happy to have started our investment journey here with a prolific publisher like Tamatem. We are committed to the MENA region and willing to take more bets in the overall media and entertainment sector. This investment is aligned with our efforts to strengthen our commitment to the startup ecosystem. This is just the beginning of our many investments in this region,” Said Anuj Tandon, Head of corporate development (India and MENA) at KRAFTON. “As we continue our focus to provide the best experience for our MENA users of our various games including PUBG: NEW STATE, Tamatem’s deep understanding of the local landscape and this collaboration will be very helpful.”
It has published over 50 games since 2013, including its four main games: VIP Baloot, VIP Jalsat, Fashion Queen, and Clash of Empire. Tamatem has over 120 million downloads across its portfolio and 3.5 million daily active users on its top games.
The company has 75 employees, planning on doubling in size in the next six months, Hammo noted.
Tamatem plans to continue expanding globally and hiring all kinds of talents from all over the world.
“We have employees in the U.S., India, Egypt, Saudi Arabia, Germany, Hungary, and Jordan. We opened an office in Saudi and Egypt last year and planning to open more regional offices in different countries,” Hammo said.
“We see huge potential in the MENA region and are happy to have started our investment journey here with a prolific publisher like Tamatem. We are committed to the MENA region and willing to take more bets in the overall media and entertainment sector. This investment is aligned with our efforts to strengthen our commitment to the startup ecosystem. This is just the beginning of our many investments in this region,” Said Anuj Tandon, Head of corporate development (India and MENA) at KRAFTON. “As we continue our focus to provide the best experience for our MENA users of our various games including PUBG: NEW STATE, Tamatem’s deep understanding of the local landscape and this collaboration will be very helpful.”