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Ludus Ventures was founded in 2021 by a group of industry leaders with a mission to support entrepreneurs in the gaming and ad-tech sectors. The firm is headquartered in Luxembourg and operates on a global scale, emphasizing its commitment to innovation in gaming technologies. In early 2024, Ludus Ventures established a second fund, structured as a Turkish VCIF, to further enhance its investment capabilities in the region.
Currently, Ludus Ventures manages over $60 million in assets across two funds. The firm has made significant strides in the gaming industry, focusing on pre-seed and seed stage investments. Notable milestones include the launch of its second fund and a growing portfolio of 17 companies, showcasing its active role in the gaming ecosystem.
Ludus Ventures primarily invests in gaming and mobile gaming projects, targeting opportunities that are globally marketable and scalable. The firm employs a 'first check mindset,' which allows it to provide early-stage support to promising startups in the gaming sector. This approach is designed to identify and back innovative gaming concepts before they gain traction.
The investment strategy encompasses a wide range of emerging categories within gaming, including game technology and ad-tech. Ludus Ventures seeks to partner with founders who demonstrate strong potential for growth and scalability, focusing on pre-seed and seed stage opportunities. The firm’s geographic focus is global, with a recent emphasis on the Turkish market through its second fund.
Ludus Ventures has built a diverse portfolio of 17 companies, primarily in the gaming sector. Notable portfolio companies include:
İsmet Gökşen: General Partner with extensive experience in the gaming industry, previously involved in multiple successful ventures.
Volkan Biçer: Board Member with a strong background in technology investments and strategic development.
Emre Gönül: Board Member who brings expertise in operational management and scaling startups.
Mehmet Ayan: Board Member with a focus on financial strategy and investment analysis.
Seray Çalışkan: Finance Director responsible for overseeing financial operations and fund management.
Fatma Esra Şimşir: Senior Financial Controller with a background in financial reporting and compliance.
Görkem Utku Yıldız: Associate involved in deal sourcing and portfolio management.
Güner Kalendar: Accounting Clerk managing day-to-day financial transactions.
To pitch Ludus Ventures, founders should submit their proposals through the firm's website at ludus.vc. The pitch deck should include a clear overview of the business model, market opportunity, and growth strategy. The firm prefers concise and well-structured presentations that highlight the unique aspects of the startup.
Response times may vary, but founders can expect feedback within a few weeks. Warm introductions are beneficial but not mandatory.
In early 2024, Ludus Ventures launched its second fund, structured as a Turkish VCIF, to enhance its investment capabilities in the gaming sector. This fund aims to support pre-seed and seed stage startups in Turkey.
In January 2026, Ludus Ventures made a notable investment in Chaos Games, reinforcing its commitment to the mobile gaming sector. The firm has also led funding rounds for several other portfolio companies, including Tark Games and Alpaka Games, each receiving $2.5 million in funding in 2025.
What are Ludus Ventures' investment criteria?
Ludus Ventures focuses on pre-seed and seed stage investments in the gaming and ad-tech sectors. The firm looks for globally marketable and scalable projects, emphasizing a 'first check mindset' to support promising startups.
How can founders pitch to Ludus Ventures?
Founders can pitch Ludus Ventures through their official website at ludus.vc. It is recommended to include a clear business model, market analysis, and growth strategy in the pitch deck.
What makes Ludus Ventures different from other VCs?
Ludus Ventures distinguishes itself by its founder-friendly approach, providing not only capital but also operational support and strategic guidance to its portfolio companies. The firm leverages the extensive experience of its founders in the gaming and ad-tech industries.
What is the geographic scope of Ludus Ventures?
The firm has a global investment mandate, with a recent focus on the Turkish market through its second fund. Ludus Ventures actively seeks opportunities in various regions, including the United States, Finland, Singapore, and the United Kingdom.
What is the typical check size for investments?
Ludus Ventures typically invests between $200,000 and $2 million in its portfolio companies, aligning with its early-stage investment strategy.
What kind of post-investment involvement does Ludus Ventures have?
The firm provides operational support and strategic guidance to its portfolio companies, drawing on the founders' backgrounds in gaming and ad-tech. This involvement often includes mentorship and assistance in scaling the business.
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