Turkish company Good Job Games received $23 million from investors
The mobile game developer and publisher Good Job Games has attracted its first investments. The company received $23 million, which it plans to use for further business development.
Match Villains
Good Job Games was invested in by the venture firm Menlo Ventures and the fund Arcadia Gaming Advisors. The latter was recently launched by Tripledot Studios co-founder Akin Babayigit.
According to media reports, following the investments, Good Job Games' market valuation exceeded $100 million.
Founded in 2017, Good Job Games initially focused on hyper-casual games but later shifted its focus to casual projects. In 2023, Good Job Games sold its portfolio of hyper-casual games to AI Games, a subsidiary of Azur Games, for an undisclosed amount.
For a long time, one of Good Job Games' major hits was the puzzle game Zen Match, until it was acquired by Moon Active. Currently, Good Job Games' flagship titles include other puzzles — Match Villains and Wonder Blast. According to the service AppMagic, they have generated a total IAP revenue of $5.1 million and 3 million downloads to date. In comparison, Zen Match's current revenue is estimated at $130 million, with 44.4 million downloads, though Zen Match was released several years before Match Villains and Wonder Blast.
Revenue dynamics of Zen Match, Match Villains, and Wonder Blast