Turkey-based mobile dev Good Job Games raises $60M Series A round

Turkey-based studio Good Job Games, recognized for its match-three mobile recreation Match Villains, has raised $60 million in a Series A round.

The Series A round follows a seed round of $23 million that befell six months in the past, making for a complete funding of $83 million up to now. The newest round was co-led by Menlo Ventures and Anthos Capital, with extra participation by Bessemer Enterprise Companions.

“Once we first invested, the early metrics had been already among the many greatest we’d seen within the business – they usually’ve solely improved since,” Menlo Ventures companion Amy Wu Martin mentioned within the announcement. “The group has a protracted imaginative and prescient for what they’re constructing and we’re excited to double down.”

This was echoed by Anthos Capital companion Zack Zaharis, who mentioned the agency is thrilled to help Good Job Games because the studio scales “Match Villains right into a generational franchise.”

Based on a publish by Wu Martin on the official Menlo Ventures website, Match Villains is Good Job Games’ third launch, though it is the one recreation at present featured on the studio’s website. Based on the Google Play Retailer web page, Match Villains had over 1,000,000 downloads, at present sitting at a 4.7-star ranking with 64.8 thousand opinions.

Traders have been pouring money into the Turkish recreation business.

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Good Job Games is not the one Turkish recreation studio to obtain a millionaire funding to increase its work on mobile in latest instances. In January, Magic Kind and Automobile Match developer Grand Games raised $30 million in Series A funding to bolster its group and scale into international markets. Final month, mobile studio Greater Games raised $25 million in Series A funding to scale flagship title Kitchen Masters.

But, whereas these investments are undoubtedly noteworthy, there are vital regional obstacles to contemplate. “Whereas the hypercasual section normally has had a tricky few years, Turkey has been a uncommon vivid spot due to a rising cluster of studios which has helped to construct up a variety of specialised hypercasual experience in a market with comparatively low labor prices,” Omdia principal analyst Liam Deane advised Sport Developer. “Nonetheless, excessive inflation and the overvaluation of the Turkish lira is beginning to threaten this price benefit.”

Sport Developer and Omdia are sibling organizations beneath Informa.