Turkey Produces Another “Turcorn” as Loom Games Sells Majority Stake for Over $1 Billion

Turkey’s gaming ecosystem has produced another billion-dollar success story. Loom Games, founded just a year ago, has sold a majority stake to U.S.-based gaming giant Scopely at a valuation exceeding $1 billion. The deal reinforces Turkey’s emergence as a global mobile gaming powerhouse, with industry leaders predicting at least three more billion-dollar studios within the next two years.

A New Billion-Dollar Exit

Turkey continues to solidify its position as a production hub for globally competitive gaming companies. Following the success of Peak Games and Dream Games, Loom Games has now joined the ranks of billion-dollar Turkish tech firms — commonly referred to as “Turcorns.”

Founded by Kübra Gündoğan and Emre Çelik just one year ago, Loom Games reached a valuation exceeding $1 billion after selling a majority stake to Scopely, one of the world’s leading mobile gaming companies.

Although full financial details were not disclosed, the transaction confirms that Turkey remains firmly on the radar of global gaming investors.

Pixel Flow! Drives the Acquisition

The key driver behind the acquisition was Loom Games’ breakout title, Pixel Flow!.

The game:

• Surpassed 10 million players in a short period

• Entered the top 20 highest-grossing mobile games in the United States

Scopely, known for global hits such as Monopoly GO!, Pokémon GO, and Scrabble GO, integrated Pixel Flow! into its expanding portfolio, strengthening its presence in Europe, the Middle East, and Africa — regions where Turkey is increasingly positioned as a strategic development hub.

Scopely’s Chief Revenue Officer Tim O’Brien described the game’s rapid revenue success as rare in the mobile gaming industry, noting the strong momentum built by the Loom Games team.

From Hyper-Casual to Global Scale

Industry observers say Turkey’s gaming ecosystem has evolved significantly.

Bora Koçyiğit, Vice President of the Turkish Esports Federation, described the country as a “unicorn factory,” highlighting how the ecosystem has moved beyond easily replicable hyper-casual models to globally competitive, scalable products.

Turkey’s gaming sector now:

• Exceeds $1 billion in domestic market size

• Attracts international investors and strategic buyers

• Operates with agile, data-driven development studios

AI Integration and Data-Driven Growth

Koçyiğit emphasized that Turkey is no longer merely a consumer market but a global production center.

Key growth drivers include:

• Integration of artificial intelligence in game design and monetization

• Advanced player analytics

• Strong and loyal user communities

These elements are positioning Turkey among the most dynamic players in the global mobile gaming landscape.

More Billion-Dollar Studios Ahead?

According to industry projections, Loom Games is unlikely to be an isolated case.

Koçyiğit expects at least three additional Turkish game studios to reach billion-dollar valuations within the next two years, citing a deep pipeline of high-potential development teams already attracting investor attention.

Global Market Approaches $200 Billion

The global digital gaming industry continues to expand at an average annual rate of 10%.

• Global market size: Nearly $200 billion

• Turkey’s gaming market: Approximately $1.1 billion

• Active gamers in Turkey: Around 50 million

• Global gamers: Approximately 3.6 billion

Women account for 46% of players in Turkey, with men representing 54%. Globally, players spend an average of 8–9 hours per week gaming.

Conclusion

Loom Games’ billion-dollar deal underscores Turkey’s growing influence in the global gaming ecosystem. With strong technical talent, data-driven development models, and increasing AI integration, Turkey appears poised to produce more billion-dollar companies in the coming years.

The country is no longer just participating in the game — it is helping shape it.