Turkey-based studio Good Job Video games, recognized for its match-three cell sport Match Villains, has raised $60 million in a Sequence A spherical.
The Sequence A spherical follows a seed spherical of $23 million that befell six months in the past, making for a complete funding of $83 million to this point. The most recent spherical was co-led by Menlo Ventures and Anthos Capital, with extra participation by Bessemer Enterprise Companions.
“Once we first invested, the early metrics have been already among the many finest we’d seen within the trade – they usually’ve solely improved since,” Menlo Ventures accomplice Amy Wu Martin stated within the announcement. “The crew has a protracted imaginative and prescient for what they’re constructing and we’re excited to double down.”
This was echoed by Anthos Capital accomplice Zack Zaharis, who stated the agency is thrilled to help Good Job Video games because the studio scales “Match Villains right into a generational franchise.”
In accordance with a put up by Wu Martin on the official Menlo Ventures website, Match Villains is Good Job Video games’ third launch, though it is the one sport at the moment featured on the studio’s website. In accordance with the Google Play Retailer web page, Match Villains had over 1,000,000 downloads, at the moment sitting at a 4.7-star ranking with 64.8 thousand critiques.
Traders have been pouring money into the Turkish sport trade.
Good Job Video games is not the one Turkish sport studio to obtain a millionaire funding to develop its work on cell in current occasions. In January, Magic Kind and Automobile Match developer Grand Video games raised $30 million in Sequence A funding to bolster its crew and scale into world markets. Final month, cell studio Greater Video games raised $25 million in Sequence A funding to scale flagship title Kitchen Masters.
But, whereas these investments are positively noteworthy, there are important regional obstacles to contemplate. “Whereas the hypercasual section on the whole has had a tricky few years, Turkey has been a uncommon vivid spot because of a rising cluster of studios which has helped to construct up numerous specialised hypercasual experience in a market with comparatively low labor prices,” Omdia principal analyst Liam Deane instructed Recreation Developer. “Nonetheless, excessive inflation and the overvaluation of the Turkish lira is beginning to threaten this value benefit.”
Recreation Developer and Omdia are sibling organizations below Informa.
