Funding round
Dream Games Series A
Dream Games, which works in mobile game development in Şişli, raised $50M in a Series A round announced on 1 Mar 2021, led by Index Ventures. 3 firms took part, 3 of them already investors. It is Dream Games' second venture round on record; the one before was a Seed in Nov 2019.
$50M
Amount raised
Not disclosed
Post-money valuation
3
Investors
1 lead
Valuation
What this round says about the price
Dream Games did not disclose a valuation in this round. It came 16 months after Dream Games' Seed. It is 11% of the $468M Dream Games has raised in the venture rounds on record. Dream Games raised again 3 months later: a Series B round of $155M in Jun 2021, at $1.00B post-money.
Dream Games' funding rounds
Dream Games has 4 venture rounds on record and 1 other deal. This one is highlighted.
- Seed 20 Nov 2019, led by Makers Fund $7.5M
- Series A this round 1 Mar 2021, led by Index Ventures $50M
- Series B 30 Jun 2021, led by Index Ventures and Makers Fund $155M$1.00B post-money
- Series C 18 Jan 2022, led by Index Ventures $255M$2.75B post-money
- Private Equity not a venture round 31 Dec 2025, led by CVC and Blackstone $2.50B
Investors
Who put money in
Index Ventures led the round with 2 other firms. Index Ventures, Balderton Capital and Makers Fund had backed Dream Games before.
Lead investor
- Index Ventures backs 353 venture-backed companies existing investor
Also in the round
- Balderton Capital backs 140 venture-backed companies existing investor
- backs 50 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
1,650 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $12M, and this round was 4.2 times the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 2 Mar 2021 | $100M | not disclosed | Paradigm and Tiger Global |
| Tech Companies | 30 Mar 2021 | $88M | not disclosed | Bain Capital Ventures |
| Tech Companies | 11 Mar 2021 | $75M | not disclosed | General Catalyst |
| Tech Companies | 25 Mar 2021 | $55M | not disclosed | not named |
| Tech Companies | 3 Mar 2021 | $47M | not disclosed | Insight Partners and Entrée Capital |
| Tech Companies | 1 Mar 2021 | $36M | not disclosed | not named |
| Tech Companies | 10 Mar 2021 | $35M | not disclosed | Scale Venture Partners |
| Tech Companies | 17 Mar 2021 | $30M | not disclosed | WestCap |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Dream Games raise in its Series A round?
Dream Games raised $50M in its Series A round, announced in Mar 2021.
Who led Dream Games' Series A round?
Index Ventures led it, with Balderton Capital and Makers Fund.
What was Dream Games' valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Tech Companies?
1,650 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $12M, and this round was 4.2 times the median.
Did Dream Games raise again after this round?
Yes: a Series B round in Jun 2021 of $155M at $1.00B post-money.