Grand Games Oyun ve Yazilim AS raises $70 million in Series B round
Updated
Updated · Bloomberg · May 11
Grand Games Oyun ve Yazilim AS raises $70 million in Series B round
11 articles · Updated · Bloomberg · May 11
The Turkish mobile gaming startup said Balderton Capital’s Growth Fund led the financing, with Bek Ventures, Laton Ventures and angel investor Mert Gur also participating.
Balderton also increased its initial investment from last year, and the new round brings Grand Games’ total funding to $103 million, according to a company statement.
The deal highlights continued investor appetite for Turkey’s fast-growing gaming industry, where mobile game developers have attracted rising international backing.
As global funds re-evaluate priorities, could foreign investment in Turkey's gaming scene suddenly dry up?
Can Turkey's unique 'mafia' ecosystem and government support for gaming be replicated in other emerging markets?