Turkish Gaming Startup Loom Games Acquired by Scopely at $1 Billion Valuation

Majority Stake in Loom Games Acquired US-based mobile gaming giant Scopely has reached an agreement to acquire a majority stake in the Turkish gaming startup Loom Games.
With a total valuation exceeding $1 billion, Loom Games has officially become one of the new 'Turcorns' in Turkey's technology ecosystem.
Global Success with Pixel Flow Founded last year by Kübra Gündoğan and Emre Çelik, Loom Games achieved rapid success with its title 'Pixel Flow.' The game reached over 10 million players within a few months and managed to rank among the top 20 highest-grossing mobile games in the United States.
Tim O'Brien, Chief Revenue Officer at Scopely, stated that the momentum achieved by Pixel Flow is a rare success and expressed his pleasure in welcoming the team into their ecosystem.
Strategic Importance of the Turkish Gaming Sector In a statement, Scopely emphasized that Turkey is one of the most vibrant hubs for the gaming industry in the Europe, Middle East, and Africa (EMEA) region.
The announcement highlighted the world-class talent of Turkish game developers and the strategic importance of this partnership.
The success of Loom Games follows in the footsteps of other Turkish companies like Peak Games and Dream Games, which previously surpassed the $1 billion valuation mark, signaling continued growth in the sector.
Sectoral Competition and Market Position Scopely, the owner of popular titles such as Monopoly Go, Pokemon Go, and Scrabble Go, aims to strengthen its position in the global market with this move.
According to Sensor Tower data, Scopely ranks first in the United States and second globally, following China's Tencent, in terms of in-app purchase revenue.