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Veloxia raises $3m

Space Colony: Idle developer will use the investment to develop more idle games for mobile devices

Veloxia Technology Interactive announced today that it has raised $3 million as reported by VentureBeat.

Veloxia will use the funding to develop idle games for mobile devices in the same vein as its Space Colony: Idle.

Collective spark was the lead investor in the funding round, while Bogazici Ventures, Ak Portfoy Girisim Sermayesi, and others provided additional funding.

"Our infrastructure is backed by behavioral economy models which we are constantly developing as we scale our products," said CEO of Veloxia Tugay Alyildiz.

"We work towards differentiating Veloxia from other mobile gaming startups with our approach to monetization in game design and by successfully managing products in different categories under a cluster structure."

Veloxia Technology was founded in 2019 by CEO Tugay Alyıldız, Melih Gündoğdu, and Mehveş Altay. Within the same year, it published Space Colony: Idle which has amassed nearly 1 million downloads to date.

The company's vision "is becoming a unicorn in global consumer technologies."

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Jeffrey Rousseau avatar

Jeffrey Rousseau

Staff Writer

Jeffrey Rousseau joined GamesIndustry.biz in March 2021. Based in Florida, his work focused on the intersectionality of games and media. He enjoys reading, podcasts, staying informed, and learning how people are tackling issues.