Aonic invests $10 million in Turkish gaming company Mega Fortuna

Sweden-based technology and video game company Aonic has announced a $10 million minority stake investment in Mega Fortuna, a Turkish mobile gaming firm headquartered in Bursa.

The deal, which was disclosed on Wednesday, values Mega Fortuna at up to $70 million and includes an option for Aonic to acquire full ownership of the company.

Mega Fortuna operates as a gaming discovery and loyalty platform, catering to a global audience of mobile gamers. The company’s rapid growth and innovation have positioned it as a key player in the gaming industry, drawing attention from international investors like Aonic.

Mega Fortuna CEO dubs success to team

Seyhmus Olker, CEO and co-founder of Mega Fortuna described the investment as a validation of the company’s vision and efforts. “This milestone is a testament to the exceptional talent, dedication, and innovation of the entire Mega Fortuna team,” Olker said.

Aonic CEO Paul Schempp highlighted Mega Fortuna’s innovative approach to mobile gaming, saying the Turkish firm is reshaping the industry by integrating discovery and rewards into its platform.

“In just two years, they have built an incredible platform that resonates with millions of players worldwide,” Schempp remarked.

The investment marks a significant step for Aonic, which secured a €152 million ($156.7 million) expansion fund from Metric Capital Partners and Active Ownership in 2024.

That funding round was among Europe’s largest minority growth equity deals in 2023.