Investment from Arzan VC Gives Tamatem an Upgrade
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.