Loom Games Becomes Turkey's 7th Unicorn: $1 Billion Acquisition by Scopely

Loom Games Reaches $1 Billion Valuation Global gaming giant Scopely has announced the acquisition of a majority stake in Turkish mobile game developer Loom Games at a valuation of $1 billion.
With this strategic investment, the Istanbul-based studio has earned the title of Turkey's seventh "Unicorn" company.
Major Success Within One Year Founded only a year ago, Loom Games achieved rapid growth under the leadership of CEO Kübra Gündoğan and CTO Emre Çelik.
The studio's puzzle game, "Pixel Flow!", reached over 10 million players shortly after its release.
The game stands out as the only casual title among the top 20 highest-grossing mobile games in the U.S.
market over the last 12 months.
Operations to Continue in Istanbul Consisting of an expert team of approximately 20 people, Loom Games will continue to manage its operations from its headquarters in Istanbul.
The company began its growth process last year with seed investment from Arcadia Gaming Partners and e2vc.
Akın Babayiğit, Managing Director of Arcadia Gaming Partners, emphasized that this deal is one of the most remarkable success stories in the Turkish gaming industry in recent years.
A New Giant in Scopely's Portfolio Founded in 2011 and home to world-famous titles such as Monopoly Go, Stumble Guys, and MARVEL Strike Force, Scopely has added "Pixel Flow!" to its global portfolio.
It was noted that the financial details of the agreement include a multi-year structure based on performance, with the total company valuation confirmed at over $1 billion.