The largest series of investments in the history of Turkey took place. Within the framework of this round, the game startup Dream Games raised $ 155 million. The assessment of the entire studio, which had previously been noted for only one match3 game, amounted to $ 1 billion.
We are talking about Royal Match, a collapse title that, since its release in the first quarter of this year, has managed to earn, according to AppMagic, around $35 million. This June, the game reached a monthly revenue of $ 14.5 million. Its total installations amount to 12 million MAU, according to Pocket Gamer, at the level of 6 million.
Dream Games was launched by the directors of another Turkish forge of hits — Peak Games. A year earlier, it was sold to Zynga for $1.8 billion. Together with the teams, the American publisher then got the blockbusters Toon Blast and Toy Blast.
The money Dream Games plans to spend on marketing. “We are proud of the early success of Royal Match and will use the investment to popularize the game wherever possible,” said Soner Aydemir, co—founder of the studio.
The key investors of the deal were Index Ventures (participated in seed investments in Figma, Slack, Discord, Patreon, Dropbox) and Makers Fund (in the portfolio — investments in Katkoff’s Savaga Game Studios, Bossa Studious, tinyBuild). Balderton Capital, IVP and Kora also invested.
Earlier, in November 2019, during the seed round, Dream Games raised $7.5 million from Balderton Capital and Makers Fund. Already in March of this year, as part of Series A, the studio “raised” $50 million. Then Balderton Capital, a London-based investor who had previously invested in Wooga, Big Fish Games and NaturalMotion, also invested in it.
Total investments in Dream Games currently amount to more than $210 million.