Cypher Games

Entertainment Software · Istanbul, Turkey · Founded 2022 · Privately Held (backing)

Developer of a gaming platform designed to offer various kinds of gaming experiences. Cypher Games is based in Istanbul, Turkey and was founded in 2022. It was valued at $120 million at its early-stage round in Sep 2025, the last priced event on record. It has raised $43.2 million across 3 recorded rounds; the latest was a $30 million Series A in Sep 2025.

PMV mark · valuation
$120.0M
Oct 2026
Priced at
its early-stage round
Sep 2025
Total raised
$43.2M
Last round
Early Stage VC (Series A)
Sep 2025

Cypher Games key facts

as of Oct 2026
  • Developer of a gaming platform designed to offer various kinds of gaming experiences.
  • Cypher Games is valued at approximately $120.0M as of Oct 2026, set at its early-stage round, Sep 2025; nothing has traded since, per PrivateMarketView’s mark.
  • It has raised $43.2M across 3 recorded rounds; the latest was Early Stage VC (Series A) ($30.0M) in Sep 2025.
  • Notable investors include 500 Global, e2vc, Play Ventures, The Raine Group, Big Bets — 11 tracked in total.
  • Cypher Games has filed 2 Form Ds with the SEC since 2024, most recently Sep 2025 ($21.0M sold to 4 investors).
  • Status: Privately Held (backing).
PrivateMarketView mark
LOW confidence
$120.0M

Valued at $120.0M at its early-stage round, Sep 2025. Nothing has traded since.

set by its last priced roundas of Oct 2026question about this number?
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Cypher Games funding rounds

3 rounds
Sep 2025Early Stage VC (Series A)$30.0M▮
Sep 2024Seed Round$10.0M▮
May 2022Seed Round$3.2M▮

Cypher Games valuation

Cypher Games was valued at $120 million at its early-stage round in Sep 2025. That is the last priced event on record: no secondary trade or institutional fund mark has moved the figure since.

How much has Cypher Games raised?

Cypher Games has raised $43.2 million across 3 recorded rounds since 2022. The largest was a $3.2 million seed round in May 2022; the most recent was a $30 million Series A in Sep 2025.

Cypher Games has filed 2 Form Ds with the SEC since 2024, most recently in Sep 2025 ($21 million sold to 4 investors).

Cypher Games investors

11 investors are on record for Cypher Games, including 500 Global, e2vc, Play Ventures and The Raine Group. The Series A in Sep 2025 drew 6 investors.

Comparable companies

Comparable entertainment software names by valuation on PrivateMarketView: Gamefam ($114 million), Agave Games ($100 million) and Stan (Entertainment Software) ($65 million).

About Cypher Games

Developer of a gaming platform designed to offer various kinds of gaming experiences. The company aims to lead the studio in the field of mobile merge games and casual mobile games, enabling gamers with the dream of building a global success story.

Industry
Entertainment Software
Sector
Information Technology
HQ
Istanbul, Turkey
Founded
2022
Employees
47
Ownership
Privately Held (backing)

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