Dream Games Has Raised $155m At $1B Valuation
This article is based on our Weekly News Digest #26 from 05.07.2021. If you want to receive such analyses first, be sure to subscribe to our weekly newsletter. There, we analyze the largest deals, elaborating on the financials and strategy behind, while also covering the smaller transactions of the week.
💵 Series B Funding
- Turkish mobile games developer Dream Games has raised $155m in a Series B funding round that values the startup at $1B. The round was co-led by Index Ventures and Makers Fund, with the participation of Balderton Capital, IVP, and Kora also participating
- According to AppMagic, the game has been downloaded more than 12.7 million times with more than a third of this number generated in Jun’21. Since its soft launch in Jul’20, the game has generated more than $38.6m in Revenue through in-app purchases. However, the absolute majority of the downloads have been generated since Mar’21, when the game had its official global launch. As we can see in the chart, the numbers have been skyrocketing for the last four months, and this is one of the reasons for such a high valuation
💵 Previous Funding
- In Feb’21, Dream Games has closed the largest Q1’21 early-stage deal and the largest Series A round by Turkish mobile game studio, which was was also led by Index Ventures
- In Nov’21, Dream Games has raised $7.5m in a Seed funding, led by Makers Fund