DREAM GAMES BECOMES THIRD ‘UNICORN’ WITH USD 1BN VALUE

The mobile gaming company Dream Games has reached a valuation of USD 1bn with a USD 155m investment and become the third unicorn in the country, according to a statement by the company. The total investment received by Dream Games amounts to USD 212m. “Royal Match gained success in the early period. We’ll use this investment to grow this game everywhere,” said Soner Aydemir, Founding Partner and CEO of Dream Games. The UK-based venture capital firm Index Ventures and the Singapore-based entertainment fund Makers Fund took the largest share from Dream Games in the Serie B investment round while the UK-based venture capital firm Balderton Capital, the U.S.-based private equity investment firm Institutional Venture Partners (IVP) and Kora also invested in the company. Founded by former employees of Peak Games in 2019, Dream Games raised USD 7.5m in a funding round led by Makers Fund in November 2020 and USD 50m under the leadership of Index Ventures in February 2021.