Dream Games hits a $5B valuation after latest funding round, marking a major milestone in the mobile gaming industry.
Dream Games, initially a modest mobile game studio in Istanbul, has rapidly ascended to become one of the world’s leading game developers. The company’s valuation now stands at an impressive $5 billion following its latest investment round. This new financial backing is aimed at bolstering the company’s global expansion efforts.
The recent funding, led by private equity giants CVC Capital Partners and Blackstone, includes an investment totaling more than $2 billion. This package consists of both equity and debt financing, reflecting strong confidence in Dream Games’ future growth. Regulatory approval is anticipated to finalize by the third quarter of 2025.
Founded in 2019 by former employees of Peak Games—acquired by Zynga—the core team comprises Soner Aydemir, İkbal Namlı, Hakan Sağlam, Eren Şengül, and Serdar Yılmaz. These co-founders continue to maintain their shares and executive control within the company. Previous investors such as Balderton, Makers Fund, Index Ventures, Sequoia Capital, and IVP have exited, transferring their shares to the CVC partnership.
In 2022, Dream Games had already achieved a valuation of $2.75 billion. In just a few years, this valuation has nearly doubled, underscoring the company’s dynamic growth trajectory.
Dream Games has made significant strides in the mobile gaming industry with its popular titles, Royal Match and Royal Kingdom, launched in November 2024. Notably, Royal Match has surpassed the longstanding leader, Candy Crush Saga, to become the highest-grossing mobile puzzle game. With this fresh investment, Dream Games plans to expand its Royal series and introduce new games that captivate a global audience.
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