Türkiye's Loom Games acquired by Scopely in deal exceeding $1 billion, achieves unicorn status
The Istanbul-based studio, founded in 2025, was purchased by the US-Saudi gaming firm in a performance-based deal valuing the company above $1 billion. Its hit game Pixel Flow attracts over 10 million global players.
US-based Saudi gaming giant Scopely announced Thursday the acquisition of majority stakes in Türkiye-based Loom Games in a deal valuing the Istanbul studio at over $1 billion, granting the Turkish startup unicorn status—reserved for privately held companies exceeding $1 billion in valuation. Financial terms were not disclosed, with Scopely describing the transaction as "multi-year, performance-based."
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Pixel Flow's Rapid Success
Founded in 2025 by Kubra Gundogan and Emre Celik, Loom Games launched its hybrid casual puzzle game Pixel Flow in late 2025. The title has already attracted more than 10 million players globally and became the only casual game released in the last 12 months to break into the monthly top-20 grossing charts in the US. The Pixel Flow team now consists of approximately 20 developers managing millions of daily active users.
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Strategic Acquisition
The acquisition represents a significant vote of confidence in Türkiye's burgeoning gaming sector and underscores Scopely's expansion strategy following its own acquisition by Saudi Arabia's Public Investment Fund in 2023. Loom Games' rapid ascent from founding to unicorn status highlights the global potential of Turkish game development talent.
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