Funded Apps Startups in Turkey
The 42 funded apps companies in this dataset span rounds from July 2020 through November 2025, with Istanbul accounting for the large majority of activity.
The 42 funded apps companies in this dataset span rounds from July 2020 through November 2025, with Istanbul accounting for the large majority of activity. Sisli, Sariyer, and Besiktas each host multiple companies — Cypher Games and Hayhay in Sisli, Alpaka Games and Pink Games in Sariyer, SuperGears Games and MARS in Besiktas. Gaming studios represent a substantial share of the segment: Grand Games raised $30M (Series A, January 2025), Agave Games $18M (Series A, December 2024), Cypher Games $21M (September 2025), and TaleMonster Games $7M (Seed, May 2025).
Seed is the most common round type across the dataset. Geographic reach beyond Istanbul is narrow — Frantic Games (Ankara, $2M Pre-Seed), Apollo IoT (Bornova, Izmir, $680K Seed), and Toon Metal Games (Izmir, $250K) are among the few non-Istanbul raises. Eight rounds closed between December 2024 and May 2025, making that six-month window among the most active stretches in the dataset.
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Frequently asked
What are the largest disclosed rounds among funded apps startups in Turkey?
Grand Games leads the dataset with a $30M Series A closed in January 2025, followed by Cypher Games at $21M (September 2025) and Agave Games at $18M Series A (December 2024). Metatime ($11M Seed) and Mega Fortuna ($10M) round out the top five disclosed amounts, with all three of the largest raises belonging to game companies.
How concentrated is Istanbul relative to other Turkish cities in this segment?
Istanbul accounts for the substantial majority of companies in the dataset. Only seven are based elsewhere: three in Ankara (Frantic Games, Help Steps, Parabol), two in Izmir (Apollo IoT, Toon Metal Games), one in Mersin (Sensiball Vr), and one in Denizli (Tiplay studio).
How prominent is gaming among funded apps startups in Turkey?
At least 15 of the 42 companies are identifiable game studios, including Grand Games, Agave Games, Cypher Games, TaleMonster Games, Paxie Games, Pink Games, Magic Games, and Stardust Games. The three largest disclosed rounds in the dataset — Grand Games, Cypher Games, and Agave Games — all belong to gaming companies.
Which Istanbul neighborhoods cluster the most funded apps companies?
Sisli and Sariyer each host four companies in the dataset. Sisli includes Cypher Games, Hayhay, Meloknows, and Magic Games; Sariyer includes Alpaka Games, Mars Studios, Pink Games, and Maestro Game Studio. Besiktas has three (SuperGears Games, Boby.ai, MARS) and Kagithane has two (Alternatif SuperApp, Odeal).
What stage do most Turkish apps startups raise at?
Seed is the dominant round type across the dataset, appearing across the majority of companies at a wide range of sizes — from $50K (Fitmap) to $7M (TaleMonster Games). Series A is rare in this set, with only Grand Games and Agave Games reaching that stage with disclosed rounds.
How active was deal flow in late 2024 and early 2025?
Eight rounds closed between December 2024 and May 2025, including Grand Games' $30M Series A, Agave Games' $18M Series A, Mega Fortuna's $10M raise, TaleMonster Games' $7M Seed, and MARS' $3M Seed. That six-month window represents one of the more concentrated bursts of activity in the dataset.
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