Dream Games, a fledgling mobile games outfit based in Istanbul, has scored a $155 million Series B round led by Index Ventures and Makers Fund that gives the company a post-money valuation of $1 billion.
Balderton Capital, IVP and Kora also chipped in for the round, which comes mere months after the company secured a $50 million Series A.
Dream’s founding team cut its teeth at Peak Games, that other Turkish mobile games firm behind hits like Toy Blast and Toon Blast, which was acquired by Zynga for $1.8 billion in June last year.
And it shows; just three months in, the young startup’s debut casual puzzle game Royal Match is among the top 20 grossing games in the US, UK, and Germany. The injection of additional cash will serve to grow the player base more rapidly around the globe.
“We are very focused on making great games that appeal to all types of players across the globe,” said Soner Aydemir, co-founder and CEO, Dream Games. “We are very proud of the early success of Royal Match and will utilize the investment to grow the game everywhere. We are very excited about our investors’ confidence in the potential for Dream Games.”
One of those investors, Index Ventures, is building up a track record of backing game companies like Supercell, King (where venture partner Stephane Kurgan was formerly COO), Roblox and Discord. The VC firm also invested in another Turkish mobile games studio, Bigger Games, at the end of last year.