Dream Games, the developer of the popular casual game Royal Match, has announced that it has received $255 million from investors. Index Ventures was the leading investor in the Series C funding round. This brought the company’s market value to the $2.75 billion mark.
Series C is led by Index Ventures, with Makers Fund, IVP, funds and accounts managed by BlackRock, Kora, and Balderton Capital also participating. The funding will be used to continue investing in and developing Royal Match. The game is currently one of the most profitable mobile games on the market.
Dream Games raised $155 million in June 2021 at a valuation of $1 billion. Recall that yesterday another Istanbul-based gaming start-up, Spyke, announced an initial round of $55 million.
We take the same approach as Pixar. In the beginning, Pixar took its time. It was releasing a cartoon every two or three years. And it’s going to be similar for us. This year we need to focus on Royal Match, but if we can make other games, we will.Soner Aydemir, co-founder and CEO of Dream Games
Because of Dream Games’ track record in attracting audiences, investors are willing to bet. According to AppMagic, Royal Match earned a total of $195.4 million and collected 34.9 million downloads.
The success and growth of Royal Match have exceeded our expectations. Within eight months, Royal Match has become one of the most popular mobile games of 2021. Dream Games has assembled one of the best teams in the industry, combining a rare combination of creative talent, engineering expertise, and relentless work ethic. They’ve already changed the norms of what’s considered excellence in mobile gaming, and we’re excited to see what they’ll do next.Stefan Barrow, partner of Index Ventures