Turkiye-based venture capital fund Laton Ventures has closed a $50m gaming fund. This fund continues a $35m fund launched in Apr’24. The fund is backed by 40 tech and gaming founders.
Laton is a significant player in the Turkiye gaming market. For more details on Laton Ventures and the Turkiye gaming venture capital landscape, please read our recent thorough analysis of the Turkiye gaming market.
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The new fund will invest globally in pre-Seed and Seed-stage gaming startups, focusing on mobile platforms. Before fund closing, Laton has already invested in five companies:
— In Nov’23, Laton participated in a $1.8m Seed funding round of US-based AI game art production tool developer Layer AI;
— In Jan’24, the fund entered a $2.25m pre-Seed funding round of Turkiye-based casual mobile games developer Pine Games;
— In Jun’24, Laton Ventures with Accel have invested $5m in German-based UGC social gaming platform Slay;
— In Jul’24, Laton has participated in a $3m pre-Seed funding round of Turkiye-based mobile games developer Grand Games;
— In Jan’25, the fund participated in a $30m Series A funding round of Grand Games.
One of the most promising recent investments in the Turkiye gaming market is Grand Games, a casual mobile games developer in which Laton Ventures has invested twice. Although founded only in 2024, the company has released two titles: Magic Sort! and Car Match – Traffic Puzzle. According to AppMagic, its key title, Magic Sort!, ranked in the Top 10 of the Sort Puzzle genre, generating $4m in revenue and reaching 900,000 downloads within a year.
Laton is a significant player in the Turkish gaming market. For more details on Laton Ventures and the Turkish gaming venture capital landscape, please read our recent analysis of the Turkish gaming market.
