🏆 Deal of the Week · CW 3/2022
Dream Games raised USD 255 million in a Series C round in January 2022, at a post-money valuation of USD 2.75 billion. The round was co-led by Index Ventures and Makers Fund, with participation from several other institutional investors. The deal was recognised as Venionaire DealMatrix's Deal of the Week for KW 3/2022.
Dream Games — key deal facts
| Company | Dream Games |
| Founded | 2019 |
| Headquarters | Istanbul, Turkey |
| Amount raised | USD 255M |
| Valuation | USD 2.75B |
| Round | Series C |
| Investors | Index Ventures (https://www.indexventures.com/) Makers Fund (https://makersfund.com/) funds and accounts managed by BlackRock IVP Kora Balderton Capital (https://www.balderton.com/) |
| Sectors | Gaming |
Who invested in Dream Games?
The round brought together Index Ventures, Makers Fund, funds and accounts managed by BlackRock, IVP, Kora, and Balderton Capital. The investor mix is notable for combining dedicated gaming-focused capital — Makers Fund — with large crossover and growth funds such as BlackRock-managed accounts and IVP, alongside established European technology investors Index Ventures and Balderton Capital. This breadth of investor types signals institutional confidence in Dream Games's ability to scale beyond a single hit title.
What does Dream Games do?
Dream Games is a mobile gaming company founded in 2019 by industry veterans including Co-Founder and CEO Soner Aydemir. The company is headquartered in Istanbul, Turkey, with additional offices in London. Its flagship title, Royal Match, is a tile-matching puzzle game that has been ranked the global number-one puzzle game by revenue and has surpassed USD 3 billion in cumulative user spending. Dream Games is expanding its 'Royal' franchise with a second title, Royal Kingdom, as it builds a broader portfolio of mobile puzzle experiences.
Dream Games valuation & multiples
Explore the benchmarks: Series C Gaming.
Frequently asked questions
How much did Dream Games raise in its Series C?
Dream Games raised USD 255 million in its Series C round in January 2022.
What is Dream Games's valuation?
Dream Games was valued at USD 2.75 billion at the time of its Series C round.
Who invested in Dream Games?
The Series C investors include Index Ventures, Makers Fund, funds and accounts managed by BlackRock, IVP, Kora, and Balderton Capital.
When was Dream Games founded and where is it based?
Dream Games was founded in 2019 and is headquartered in Istanbul, Turkey.
Source: original announcement — read the full report.