Egypt’s gaming startup Cryptyd Inc has secured an undisclosed amount of funding from existing and new investors.
Cryptyd will deploy the new investment into supporting marketing costs of the company’s flagship product Baloot Quest targeting GCC markets. Also, the startup will commit a part of the fund raised into the pre-production phases of the new IP secured by the company for its next game targeting global markets.
Baloot is a multiplayer synchronous game that requires a high level of skills and is one of the most popular games in Saudi Arabia and other GCC countries.
Founded in 2015 by Ahmed Alaa, Cryptyd Inc develops games that boost native artwork with a focus on gamifying the user experience and introducing cultural elements to attract users and foster a social and competitive gaming experience.
Ahmed Alaa, CEO and founder of Cryptyd Inc said, “We are proud to have the commitment and backing of our investors and feel that we are very well positioned as one of the few MENA-based game development studios that has made the transition from loving games to mastering the game development process”
Cryptyd, Inc is a Delaware C Corp, headquartered in Massachusetts, USA with a wholly owned subsidiary Cryptyd SA in Alexandria, Egypt acting as the operations and development centre for the company.
After being incubated by the AUC V-lab and then the Google indie game accelerator program in Singapore (Google IGA) Cryptyd established itself as one of the leading games development companies in MENA addressing both regional and global markets and aims to become the games development front for the region.
