Loom Games becomes Turkish unicorn

Loom Games, a mobile gaming studio founded in Istanbul, has achieved unicorn status in less than a year. US video game developer Scopely signed a definitive agreement to acquire a majority stake. According to industry portal PocketGamer, Loom was valued at over $1 billion in the multi-year, performance-based transaction.

Loom was founded in August 2025 by CEO Kübra Gündogan and CTO Emre Celik. Both initially held 50 percent of the shares. In September, the 20-person team released its first mobile game, "Pixel Flow!", a hybrid casual puzzle game that reached more than ten million users worldwide and has millions of active players every day.

This was followed in December by a seed financing round with Arcadia Gaming Partners and Istanbul-based investor e2vc. At that time, Loom was valued at $36 million. Just a few months later, the company surpassed the billion-dollar mark.

Scopely as a strategic partner

Scopely, acquired in 2023 by the Saudi Arabian sovereign wealth fund PIF through Savvy Games Group, is continuing its expansion in mobile gaming with this investment. Founders Gündogan and Celik will continue to run the studio from Istanbul.

Details of the current shareholder structure are not fully known. According to media reports, Arcadia has since exited; e2vc's stake was recently reduced.

Loom is Turkey's eighth unicorn. Peak Games, Trendyol, Getir, Hepsiburada, and Dream Games, among others, had previously reached billion-dollar valuations. Loom's rapid rise underscores the dynamism of the Turkish gaming and tech scene.

This article was produced in cooperation with our partner bne intelliNews.