Alexandrian Mobile Games Startup CRYPTYD Raises New Funding Round

Cryptyd Inc. gaming platform has announced a new round of undisclosed funding from existing and new investors. 

The fresh funding round’s proceeds will go toward advertising the company’s core product, Baloot Quest, throughout the Gulf Cooperation Council (GCC) countries. One of the most played games in Saudi Arabia and the rest of the Gulf Cooperation Council (GCC) is Baloot, a synchronous multiplayer game that calls for a high degree of expertise.

Baloot is a multiplayer synchronous game that requires a high level of gaming skills. While there are other Baloot games on the market, Baloot Quest boosts 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.

This new investment comes three years after the startup last announced an undisclosed amount in Seed funding from Alex Angels in July 2019.

The proceeds of the investment will also be used for the pre-production phases of the new popular IP secured by the company for its next game targeting global markets. 

Ahmed Alaa, CEO and founder of Cryptyd, Inc commented: “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, based in Alexandria, Egypt, serving as the company’s operations and development center. It was founded in 2015 by Ahmed Alaa, to develop 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.

Cryptyd is one of the leading games development companies in MENA, addressing both regional and global markets, after being incubated by the AUC V-lab and then the Google indie game accelerator program in Singapore.