Gaming investors backing Istanbul studios in 2026

13 June 2026·6 min read

15 investors back Istanbul gaming in 2026. Turkey is a global mobile-games power. The Peak Games exit seeded a wave of founders and the funds that back them.

Istanbul makes world-class mobile games, and Turkey has become a true gaming power that punches far above its size. The Peak Games exit changed everything, and its alumni now build new studios and fund the next generation of founders.

Global gaming funds chase the best studios while local VCs back the early teams before anyone else will. Big exits keep the cash cycle turning, and each win quietly funds the studio that comes after it. Game rounds move on real metrics, not slides, so Ellty keeps all your files in one tracked room.

TypeCheck sizeSector focusWebsite
Laton VenturesGaming-specialist VCPre-seed, seed chequesMobile games, consumer appsIstanbul gaming VC
Ludus VenturesGaming-specialist VCEarly-stage chequesGame studios, gaming techIstanbul gaming VC
WePlay VenturesGaming VC and acceleratorUp to ~US$300KSeed-stage game studiosweplayventures.com
Arcadia Gaming PartnersGaming VC (Peak alumni)Early-stage chequesMobile gamingPeak-alumni gaming fund
e2vcRegional VC (gaming sleeve)Seed chequesGames, consumer teche2.vc
Index VenturesGlobal VCTens of US$ millionsGaming, consumerindexventures.com
Makers FundGaming-specialist VCSeed to growthGames, interactive mediamakers.fund
Balderton CapitalGlobal VCTens of US$ millionsGaming, consumer, techbalderton.com
Griffin Gaming PartnersGaming-specialist VCCan be largeStudios, platforms, techgriffingp.com
Goodwater CapitalConsumer VCTens of US$ millionsMobile gaming, consumergoodwatercap.com
Play VenturesGaming-specialist VCSeed to Series AStudios, gaming techGlobal gaming VC
BITKRAFT VenturesGaming-specialist VCSeed to Series AStudios, platforms, techbitkraft.vc
Bogazici VenturesLocal VCEarly-stage chequesGaming, technologybogaziciventures.com
ScopelyStrategic publisherAcquisition scaleMobile games, M&Ascopely.com
Zynga (Take-Two)Strategic publisherAcquisition scaleMobile, casual gameszynga.com

Keep your studio data room ready for every fund

Gaming funds dig into your retention and revenue fast. Ellty logs every view so you know who is serious before the call.

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What a gaming investor backs

A gaming investor backs both a hit and the team behind it, and what they really want is game design they can repeat. They study retention and spend per user closely, because strong metrics are what win the round in the end.

They look for a proven studio core that has shipped before, and most of them run a real venture capital check on the numbers. Ellty gives each fund one tracked link, so you can see exactly who read your metrics first and who is still waiting.

US$1.8B
Zynga's 2020 buy of Peak Games
The exit that seeded Turkish gaming
~US$5B
Dream Games valuation in 2025
Up from US$2.75B in 2022
US$1B
Scopely's 2026 deal for Loom Games
An Istanbul studio of about 20
US$1.01B
Turkey's domestic gaming market, 2025
Up about 25% year on year
Building a successful hit game is hard. Making that process repeatable is what truly sets a company apart.
Gorkem Turk, Co-founder of Laton Ventures, 2026

15 Istanbul gaming investors

1. Laton Ventures

Laton is Turkey's flagship gaming fund.

Recent Activity: Closed a US$50M gaming fund in 2025

Sector Focus: Mobile games, consumer apps

Stage Focus: Pre-seed, seed

Check Size: Pre-seed, seed cheques

Location: Istanbul

Website: Istanbul gaming VC

2. Ludus Ventures

Ludus backs early Turkish game studios.

Recent Activity: Co-invested in TaleMonster Games

Sector Focus: Game studios, gaming tech

Stage Focus: Early stage

Check Size: Early-stage cheques

Location: Istanbul

Website: Istanbul gaming VC

3. WePlay Ventures

WePlay was Turkey's first dedicated game fund.

Recent Activity: Turkey's first dedicated game fund

Sector Focus: Seed-stage game studios

Stage Focus: Seed

Check Size: Up to ~US$300K

Location: Istanbul

Website: weplayventures.com

4. Arcadia Gaming Partners

Arcadia is led by a Peak Games alumnus.

Recent Activity: Backed Bigger Games and Vento

Sector Focus: Mobile gaming

Stage Focus: Early stage

Check Size: Early-stage cheques

Location: London

Website: Peak-alumni gaming fund

5. e2vc

e2vc backs Turkish game studios at seed.

Recent Activity: Backs Circle and Mission Control

Sector Focus: Games, consumer tech

Stage Focus: Seed

Check Size: Seed cheques

Location: Istanbul

Website: e2.vc

6. Index Ventures

Index co-led Dream Games' biggest round.

Recent Activity: Co-led Dream Games' US$155M round

LinkedIn: Index Ventures LinkedIn

Sector Focus: Gaming, consumer

Stage Focus: Series A, growth

Check Size: Tens of US$ millions

Location: London / SF

Website: indexventures.com

Share one link with every Istanbul gaming fund

Ellty shows when a fund opens your metrics. Follow up at the right moment, not days later.

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7. Makers Fund

Makers Fund was an early backer of Dream Games.

Recent Activity: An early backer of Dream Games

Sector Focus: Games, interactive media

Stage Focus: Seed to growth

Check Size: Seed to growth

Location: International

Website: makers.fund

8. Balderton Capital

Balderton led Grand Games' Series B round.

Recent Activity: Led Grand Games' US$70M round

LinkedIn: Balderton Capital LinkedIn

Sector Focus: Gaming, consumer, tech

Stage Focus: Series A, growth

Check Size: Tens of US$ millions

Location: London

Website: balderton.com

9. Griffin Gaming Partners

Griffin led Spyke Games' record seed round.

Recent Activity: Led Spyke Games' US$55M seed

Sector Focus: Studios, platforms, tech

Stage Focus: Seed, Series A

Check Size: Can be large

Location: Santa Monica

Website: griffingp.com

10. Goodwater Capital

Goodwater led Bigger Games' Series A round.

Recent Activity: Led Bigger Games' US$25M round

Sector Focus: Mobile gaming, consumer

Stage Focus: Series A

Check Size: Tens of US$ millions

Location: San Mateo

Website: goodwatercap.com

11. Play Ventures

Play Ventures joined Bigger Games' Series A.

Recent Activity: Joined Bigger Games' Series A

Sector Focus: Studios, gaming tech

Stage Focus: Seed, Series A

Check Size: Seed to Series A

Location: Singapore / Helsinki

Website: Global gaming VC

12. BITKRAFT Ventures

BITKRAFT led Circle Games' seed round.

Recent Activity: Led Circle Games' US$7.25M seed

Sector Focus: Studios, platforms, tech

Stage Focus: Seed, Series A

Check Size: Seed to Series A

Location: Denver / Berlin

Website: bitkraft.vc

13. Bogazici Ventures

Bogazici is a Turkish gaming-focused VC.

Recent Activity: A Turkish gaming-focused VC

LinkedIn: Bogazici Ventures LinkedIn

Sector Focus: Gaming, technology

Stage Focus: Early to growth

Check Size: Early-stage cheques

Location: Istanbul

Website: bogaziciventures.com

14. Scopely

Scopely bought Istanbul's Loom Games in 2026.

Recent Activity: Bought Loom Games for up to US$1B

LinkedIn: Scopely LinkedIn

Sector Focus: Mobile games, M&A

Stage Focus: Strategic M&A

Check Size: Acquisition scale

Location: Culver City

Website: scopely.com

15. Zynga (Take-Two)

Zynga's Peak Games deal seeded the wave.

Recent Activity: Bought Peak Games for US$1.8B

LinkedIn: Zynga LinkedIn

Sector Focus: Mobile, casual games

Stage Focus: Strategic M&A

Check Size: Acquisition scale

Location: United States

Website: zynga.com

Why Istanbul makes great studios

Istanbul holds deep game-making talent, and the Peak exit trained a whole generation of founders in how a studio really runs. They learned live-ops and retention the hard way, and now they ship hits and repeat the win rather than chasing one lucky launch.

Each exit funds the next wave, and new startups spin out fast as senior people leave to start their own teams. A weak lira keeps studio costs low, which stretches every round further and gives founders more runway to find the hit. Ellty keeps your studio data ready, and you can see our Istanbul real estate investors guide too.

Where the gaming money goes now

Hyper-casual got harder after 2022, so the money moved toward hybrid-casual hits with deeper monetisation. Puzzle and match games lead now, with titles like Royal Match and Pixel Flow setting the pace for what funds want to see.

Your game builds hold private code, so lock them down with granular permissions before anyone outside the team gets a link. Publishers now buy small studios fast, and a clean cap table speeds the deal when an offer lands. Ellty logs who opened each file, so you stay in control of exactly what each fund gets to see.

From a hit game to a funded studio

A first round funds your next game, and the round after that funds a real studio with a team around it. Keep a tight pitch deck for funds and show your live-game metrics, because that is what turns interest into a term sheet.

Read our due diligence for investors guide so you know what each fund will ask before they ask it. A clean metrics file wins their trust, so have it ready before the call rather than scrambling afterward. Learn how to prepare for due diligence early, and let Ellty log who opened each file and when.

How to pitch a gaming investor

Lead with a live game's metrics.

  1. 1.
    Lead with a live game's metrics.
    Open with the numbers from a game that is already live, not a concept. Strong day-one and day-thirty retention is the first thing a gaming fund looks for.
  2. 2.
    Prove you can repeat a hit.
    Show the design process and live-ops engine behind your wins, not just the wins themselves. Funds back teams that can ship the next hit, so make the repeatable system clear.
  3. 3.
    Share one Ellty link to your data.
    Put your metrics, build, and deck behind a single tracked Ellty link instead of scattered attachments. Track who opens each file so you always know where a fund's attention actually went.
  4. 4.
    Follow up the day a fund digs in.
    Reach out the moment a partner starts reading deeply, while your studio is still front of mind. Ellty shows you that exact moment, so your follow-up lands when interest is highest.

How Ellty helps you land a gaming investor in Istanbul

You've shortlisted your Istanbul gaming investors. Set up a data room before the first call.

  1. 1.
    Upload your metrics, build, and deck.
    Set access per fund or partner.
    Upload file in data room
  2. 2.
    Share one trackable link with each fund.
    Each fund gets its own link.
    Set permissions data room
  3. 3.
    Watch opens and follow up on time.
    Use analytics to time each nudge.
    Analytics data room
Start free 14-day trial

Istanbul gaming investor questions

Who funds game studios in Istanbul?
Gaming funds like Laton and Makers. Local VCs and publishers too.
Why is Turkey big in gaming?
It builds hit mobile games. The Peak exit seeded the wave.
How much do gaming funds invest?
Seed runs to a few million. Growth rounds reach tens of millions.
Did hyper-casual slow down?
Yes, it got harder after 2022. Hybrid-casual leads now.
What do gaming investors want?
Strong retention and repeatable hits. A proven studio core.
When should I set up an Ellty data room?
Before your first investor call. Track who opens your metrics.

Author

Internal team behind the product.

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