February 3, 2025 1:40 PM
Laton Ventures: Görkem Türk (left), Melisa Yaguboglu, Volkan Özen.
Image Credit: Laton Ventures
Laton Ventures, a gaming and apps focused venture capital firm founded by Görkem Türk, has closed its first fund with $50 million.
The Istanbul venture capital fund is the largest gaming and apps-focused fund in Türkiye, which has become one of the prominent global hubs for the gaming industry, said Türk in a statement.
Laton Ventures will globally invest in pre-seed and seed stage gaming startups, while also backing non-gaming app companies. Back in April, when announced the fund, it had raised $35 million.
Distinguished by its discretionary hands-on operational support model, has experienced significant growth and traction in nearly half of the companies it invested in within its first year.
During its first year, Laton Ventures made five pre-seed and seed stage investments in gaming companies across Türkiye, the United States, and Europe. Two of these companies have achieved significant milestones, raising sizable Series-A rounds.
One of them, Grand Games who is a Turkish mobile gaming company, has achieved securing a $30 million Series-A funding round in a record nine months after its inception. The second portfolio company who also raised a Series-A round is undisclosed for now.
Laton Ventures ranked among the global top 10 most active pre-seed and seed stage gaming VC funds in its first year. Laton’s portfolio includes a diverse set of companies, from cutting-edge mobile gaming studios to innovative social gaming platforms.
The company has made five investments have made so far. Three of those founders are in Türkiye or the companies were founded by Turkish founders. For the fund, three people work full-time for the fund and five work part-time.
Laton Ventures is backed by over 40 exited gaming/tech founders and industry veterans spanning more than 10 countries. Among them are founders or former executives of renowned companies such as Peak, Gram, Loop, and Huuuge. The fund’s...