Grand Games, an Istanbul-based mobile game developer, has completed a $70 million Series B round led by Balderton Capital's Growth Fund. This financing boost brings the studio's total funding to $103 million as it expands its puzzle and casual game portfolio.
- Grand Games raises $70M Series B led by Balderton Capital.
- Total funding for the two-year-old studio reaches $103M.
- Turkish mobile gaming market gains momentum from recent large acquisitions.
What happened
Grand Games, a mobile gaming studio based in Istanbul, secured $70 million in a Series B funding round led by Balderton Capital's Growth Fund. This round included participation from Bek Ventures, Laton Ventures, and angel investor Mert Gür, who had previously invested in the company. Founded in early 2024 by veterans of Moon Active, Grand Games quickly gained traction with titles such as Magic Sort and Car Match.
The funding round brings the total investment in Grand Games to $103 million. These investments follow a strong revenue pattern established since the studio's Series A round in January 2025, when the company's two released games were generating a combined gross app revenue of approximately $4 million per month. While updated revenue figures have not been disclosed, the Series B round underscores continued investor confidence in the company’s growth.
Why it matters
The fresh capital injection into Grand Games highlights the growing significance of Turkey’s mobile gaming sector, which has been attracting considerable global investment and acquisition activity. In the past six months, major deals like Scopely’s acquisition of Loom Games for over $1 billion and CVC’s $5 billion investment in Dream Games have elevated Istanbul’s gaming scene to one of the most dynamic startup markets in the country.
Turkey’s mobile gaming surge is driven by a combination of experienced talent rooted in veteran studios, a cost-effective development environment, and government incentives supporting game development. These factors have helped startups like Grand Games rapidly scale and attract strategic funding from prominent venture and growth investors seeking to capitalize on the expanding global casual gaming market.
What to watch next
Grand Games is expected to use the new funds for team expansion, developing new titles particularly in the pouring-puzzle and car-customization genres, and enhancing user acquisition efforts. The studio’s upcoming releases will face competition from established Turkish franchises like Peak, Dream, and Spyke, all competing in a thriving global mobile casual gaming market valued at around $32 billion in 2025.
Balderton Capital’s continued investment signals a strong belief in Grand Games’ ability to scale and deliver consistent growth metrics suited for growth-stage investment. Observers will watch how the company navigates a crowded but lucrative market while benefiting from the supportive regulatory environment and increasing government incentives designed to accelerate mobile game innovation in Turkey.