Grand Games, one of Turkey’s fastest-growing mobile game studios, has raised $70 million in a Series B investment round led by Balderton Growth Fund. The new round, which follows a Series A round led by Balderton Early Fund nearly a year ago, also includes participation from Bek Ventures, Laton Ventures and Mert Gür.
Founded by Bekir Batuhan Çelebi, Mehmet Çalım and Mustafa Fırtına two years ago, Grand Games has raised a total of $103 million in three investment rounds in the past two years.
The company has grown its revenue nearly 5-fold in the past year. Grand Games’ portfolio of six active games has now reached over 50 million downloads. In recent weeks, the studio’s games “Magic Sort” and “Block Out” have climbed to the top two spots on the US App Store iOS download charts.
Grand Games operates under an autonomous management model where game teams have a direct say in product decisions. Currently, the system consists of five independent studios, with teams taking full responsibility for the games they develop, while a shared infrastructure and database are shared centrally.
Grand Games co-founder and CEO Bekir Batuhan Çelebi said the company's main goal was to solve widespread structural problems in the gaming industry. According to him, the new investment will allow both the expansion of the team and the delivery of existing and new games to a larger audience.
