In­vest­ment from Arzan VC Gives Ta­matem an Up­grade

Arabnet - The Quarterly - - Industry Stories -

Arzan VC, the ven­ture cap­i­tal arm of Arzan Fi­nan­cial Group, has in­vested an undis­closed amount in Jor­dan’s Ta­matem Games. This re­cent in­vest­ment fol­lows a first round of $450,000 in Septem­ber 2013 from Mena Ven­ture In­vest­ments and 500 Star­tups. With 11 mil­lion down­loads to date and 1.4 mil­lion monthly ac­tive users, the game de­vel­op­ment and pub­lish­ing com­pany is on a mis­sion to dom­i­nate Ara­bic game stores. Ac­cord­ing to Ta­matem CEO, Hus­sam Hammo, “more and more users are com­ing ev­ery day. The adop­tion rate is crazy high and the pur­chas­ing power is in­creas­ing.” Ta­matem’s in­come cur­rently comes from in-app pur­chases and advertising. Hammo said they are cur­rently work­ing on a freemium model for new games. Among Ta­matem Games’ most pop­u­lar ti­tles is Ma­lik Al Tawsil (De­liv­ery King), a pizza de­liv­ery game that is es­pe­cially pop­u­lar dur­ing Ramadan. The drift­ing game Share3 El Mawt (street of death) and the quiz game Al­sou2al Al Qawi (the hard­est ques­tion) also to­taled over one mil­lion down­loads each.

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