ⓘ Featured image: Soner Aydemir, Co-founder & CEO of Dream Games
Heading towards the big news making headlines lately. Istanbul, Turkey-based Dream Games on Tuesday raised a whopping $255 million Series-C funding round at a valuation of $2.75 billion – becoming the most valued private mobile gaming company in the world.
The funding round was led by the existing investor Index Ventures, with participation from Makers Fund, IVP, Kora, and Balderton Capital.
Founded in 2019, Dream Games has raised a total of $467.5 million combining four funding rounds until now.
The company is aiming to utilise the fresh proceeds towards doubling up on human resources to 200, and publish new games. The company says that its flagship mobile game Royal Match is among the top 10 grossing games in the United States and the UK.
Speaking of the development, Stephane Kurgan, partner at Index Ventures, said,
“The success and growth of ‘Royal Match’ exceeded all of our expectations,”
Adding a few words to the success of Dream Games, Kurgan added,
“In eight months, Royal Match has become one of the most played mobile games of 2021. 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. They’ve already shifted the norms around what counts as excellence in mobile gaming, and we’re excited to see where they go next.”