TMRW Foundation Makes Undisclosed Investment In SuperGears

The UAE-based TMRW Foundation announced an undisclosed investment in racing games studio SuperGears Games, the foundation said in a press release. The announcement came with the news that TMRW Foundation’s CEO and founder Cevat Yerli will serve on the executive board of SuperGears.

Founded by gaming industry veteran Cevat Yerli, The TMRW Foundation combines gamification, urbanization and digitalization by combining 3D simulations with virtual and augmented reality and AI-powered products. It’s Internet of Life™ develops three-dimensional internet experiences and its patented RealityOS™ works to develop Web3 solutions to create more realistic digital experiences represented by people rather than avatars. Yerli previously founded independent gaming studio Crytek created the game engine CryEngine, and has developed games like first-person shooter game Far Cry, which was later published by Ubisoft Montreal, and the Crysis franchise.

Last year, the foundation – which includes the likes of former CEO and chair of Deutsche Bank and former Prime Minister of Ireland on its board, among others – launched the world’s first metaverse customer happiness service center in collaboration with Dubai’s Ministry of Health and Prevention (MoHAP).

Founded in 2022 in Istanbul, SuperGears Games, which is valued at $10 mn, is a European gaming studio that specializes in racing games. Its debut franchise, Racing Kingdom, is set to launch in Q1 2024. This is its first investment round.

Last week, Dubai’s Crown Prince launched the Dubai Program for Gaming 2033, which aims to establish Dubai as one of the top 10 cities globally in the gaming industry by 2033. The program aims to contribute approximately $1 bn to Dubai’s GDP and create 30,000 new jobs in the gaming sector, with a focus on content creation, talent development and advanced technology. The program will be led by Dubai Future Foundation.