Laton Ventures has completed a $50 million fundraising round, focusing on investments in games and applications.

Odaily Planet Daily reported that the Turkish venture capital fund Laton Ventures has announced the completion of a $50 million fundraising round, aimed at global investments in seed and pre-seed stage gaming and application startups. After completing this latest round of fundraising, the fund has made it clear that the relevant funds will not be used for Web3 or cryptocurrency-related business models. It is reported that in April last year, Laton Ventures launched a $35 million global gaming venture capital fund, focusing on the importance of artificial intelligence and Web3 technology in gaming. The Laton Ventures portfolio covers mobile game studios and innovative social gaming platforms, with investors including over 40 well-known entrepreneurs and senior executives from the gaming and technology industries across more than 10 countries, such as founders or former executives from Peak, Gram, Loop, and Huuuge. Additionally, large companies like Supercell (developer of Clash of Clans), Tibas Ventures (the venture capital arm of Turkey's largest private bank, İş Bankası), as well as several institutional investors and family offices have also supported the fund.