Grand Games raises $30M Series A led by Balderton Capital
Deal News | Jan 09, 2025 | Balderton Capital
Grand Games, the innovative gaming studio based in Istanbul, has successfully raised $30 million in a Series A funding round. The round was led by Balderton Capital and saw participation from existing investors Bek Ventures, Laton Ventures, and angel investor Mert Gr. Known for the popular mobile games Magic Sort and Car Match, Grand Games has reached significant milestones, achieving over $4 million in monthly gross revenue within just three months. The company aims to leverage this funding to further expand its global presence and double its workforce by the end of the year. Grand Games plans to introduce an original flagship game in 2025, seeking to solidify its status as a leader in the genre-defining mobile gaming industry. The founders, Mustafa Frtna, Mehmet Çalm, and Bekir Batuhan Çelebi, emphasize a unique company culture that prioritizes creativity and ownership to foster innovative game development.
Sectors
- Mobile Gaming
- Venture Capital
Geography
- Turkey – Grand Games is based in Istanbul, Turkey, a hub for emerging gaming studios.
- United Kingdom – Balderton Capital, the lead investor in the Series A round, is based in the United Kingdom.
Industry
- Mobile Gaming – The article focuses on Grand Games, a key player in the mobile gaming industry, known for developing popular mobile titles.
- Venture Capital – The article discusses the Series A funding round led by Balderton Capital, highlighting the role of venture capital in the growth of gaming startups.
Financials
- $30M – The amount raised by Grand Games in its Series A funding round.
- $4M – Monthly gross In-App Revenue achieved by Grand Games' titles Magic Sort and Car Match.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Grand Games | Target company | Companies | A gaming studio based in Istanbul known for mobile games like Magic Sort and Car Match. |
| Balderton Capital | Lead investor | Companies | A venture capital firm that led the Series A funding round for Grand Games. |
| Bek Ventures | Existing investor | Companies | Formerly known as Earlybird Digital East, a venture capital firm participating in the funding round. |
| Laton Ventures | Existing investor | Companies | A venture capital firm participating in the Series A funding round. |
| Mert Gr | Angel investor | People | An individual investor participating in Grand Games' Series A funding round. |
| Mustafa Frtna | Co-founder | People | Co-founder of Grand Games. |
| Mehmet Çalm | Co-founder | People | Co-founder of Grand Games. |
| Bekir Batuhan Çelebi | Co-founder | People | Co-founder of Grand Games. |