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Dream Games raises $255m at $2.75bn valuation

Turkish mobile startup doubles value in six months with third funding round in a year

Mobile studio Dream Games has raised $255 million in a round of Series C funding, bringing its total valuation to $2.75 billion.

The round was led by Index Ventures with participation from returning investors Makers Fund, IVP, BlackRock, Kora and Balderton Capital.

It's the Turkish startup's third funding round in the last year -- Dream Games raised $50 million in a round of Series A funding back in March 2021, and a further $155 million via Series B in June 2021.

In total, the studio has raised $468 million.

Dream Games has also grown its staff pool since the first funding round from 30 people to a team of 80, and aims to add an additional 120 staff this year.

The studio launched its debut match-3 title, Royal Match, in March last year. According to the company, the title reached the top 20 grossing games in the US, UK and Germany in its first three months, and rounded off 2021 as one of the top-grossing mobile games.

"Dream Games approaches gaming in a way that's similar to how Pixar approaches filmmaking," said company co-founder and CEO Soner Aydemir. "We wanted to bring a holistic and inspiring spirit of excellence to the many thousands of details involved in the game design process, from art and engineering to the mechanisms that underpin the user experience. The result is a rich, beautiful gaming experience with enduring appeal."

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