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UAE gametech startup Playgama raises $3m
Playgama, a game technology startup based in the United Arab Emirates, has raised US$3 million in a recent funding round.
The Open Platform, associated with the Telegram ecosystem, and the global venture capital fund S16vc led the financing.
Other investors included FJ Labs, The Games Fund, TON Ventures, and Kirill Evers, CEO and founder of Unlimit.
The platform plans to aid Middle Eastern game developers in publishing their games globally, targeting Europe and the United States.
The region’s gaming market is projected to grow from US$6.34 billion in 2024 to US$10.69 billion by 2029.
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