Turkish Gaming Startup Raised $255 Million at $2.75 Billion Valuation

Turkish-based developer Dream Games raised $255 million doubling its value in six months with a third funding round in a year.

Yesterday, Dream Games – the developer behind Royal Match – announced it has raised $255 million in a round of Series C funding that values the startup at $2.75 billion. The round was led by Index Ventures which previously backed the company in February 2021.

Along with Index Ventures, such investors as Makers Fund, IVP, BlackRock, Kora, and Balderton Capital took part in the round. Previously, Dream Games raised $50 million in March 2021 and $155 million at a $1 billion valuation in June 2021. So, in total, the company has raised $468 million.

Dream Games launched Royal Match – its debut match-3 game – in March 2021, and currently, it's one of the highest-grossing mobile games on the market, according to the studio. The company now focuses on extending the franchises rather than producing new titles. As Dream Games' co-founder and CEO Soner Aydemir said, the company believes in Pixar's approach. "When Pixar started, it was very low frequency, a movie every 2-3 years but eventually the rate increased," he explained, "And it will be similar for us. This year we need to focus on Royal Match but if we can find a way to create other games, we will."

Royal Match

The Index Ventures partner Stephane Kurgan shared that the success of Royal Match exceeded the expectations. “In eight months, Royal Match has become one of the most played mobile games of 2021," he said. "Dream Games has assembled one of the best teams in the industry, with a rare combination of creative talent, engineering expertise, and relentless work ethic.”

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