Istanbul-based mobile gaming studio Grand Games has raised a $70m Series B led by Balderton Capital's Growth Fund, bringing total funding to $103m. Founded in early 2024 by alumni of Moon Active's Zen Match team, the studio's two titles — Magic Sort and Car Match — were generating $4m/month in combined gross app revenue by January 2025. The round reflects a broader boom in Turkey's mobile casual gaming sector, following Scopely's $1bn+ acquisition of Loom Games and CVC's $5bn deal for Dream Games. Turkey's competitive advantages include a deep talent pool from the Peak Games alumni network, lower cost structures, and a new government incentive covering half of mobile game development costs. Funds will go toward hiring, new title development, and user acquisition. Analysts suggest the studio could reach a $200m annual run-rate within two years, putting it on a trajectory toward a potential strategic acquisition by a major gaming consolidator.
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