COMPANY PROFILE

Cypher Games

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Mobile gaming company that offers a wide variety of games

Istanbul, TürkiyeFounded 2022Consumer Services

Valuation $100–250M Last recorded · 2025

Revenue $1–10M Latest reported FY

Headcount <100 Current team size

Total funding $10–50M Disclosed equity funding

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About Cypher Games

A mobile gaming company that develops casual and puzzle games for mobile devices. The company primarily focuses on creating its own intellectual property, such as the match-3 puzzle game "Match Squad".

In addition to developing its own games, the company also provides services to third parties, including training, porting of games to different platforms, and publishing. The business model appears to be a combination of in-app purchases or ads from their own games and revenue from their service offerings to other game developers. The company targets the broad market of casual mobile gamers.

MoreLess Source: Dealroom company data

At a glance

Status: Operational
Founded: 2022
Headquarters: Istanbul, Türkiye
Employees: 67
Open positions: None listed
Dealroom signal: 86.2/100
Industry: Gaming
Sub-industry: Mobile Gaming
Sector: Consumer Services
Business model: SaaS
Client focus: b2b
Links: Website LinkedIn

Knowledge graph

Founder mafia, market maps, research and news connected to this company by Dealroom

Funding history

3 recorded events

Company financing events and reported valuations.

Deal type	Date	Amount	Valuation	Investors	Source
SERIES A✓Equity / VC	Oct 2025	$30M	$120M	The Raine Group · Big bets · e2vc · Play Ventures	↗
SEED✓Equity / VC	Sep 2024	$10M	$40M	Riccardo Zacconi · Play Ventures · Akin Babayigit · e2vc	↗

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Financials

Revenue over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

Year	Revenue	Growth
2026
2025
2024
2023
2022		—

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Growth signals

Cypher Games website traffic

Latest recorded traffic for Cypher Games is 5.4K monthly website visits, up 45.9% over the last three months. Cypher Games's team grew 13.6% over the past year.

Latest monthly visits5.4K 3-month web change+45.9% 1-year team growth+13.6%

Monthly website visitsApr 2024–Jul 2026

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