Funding round
Dream Games Series B
Dream Games, which works in mobile game development in Şişli, raised $155M in a Series B round announced on 30 Jun 2021, led by Index Ventures and Makers Fund, at a $1.00B post-money valuation. 5 firms took part. It is Dream Games' third venture round on record; the one before was a Series A in Mar 2021.
$155M
Amount raised
$1.00B
Post-money valuation
$845M pre-money
5
Investors
2 leads
16%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Dream Games at $1.00B after the new money. The $155M bought investors about 16% of the company. It came 3 months after Dream Games' Series A. It is 33% of the $468M Dream Games has raised in the venture rounds on record. Dream Games raised again 7 months later: a Series C round of $255M in Jan 2022, at $2.75B 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 1 Mar 2021, led by Index Ventures $50M
- Series B this round 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 and Makers Fund led the round with 3 other firms.
Lead investors
- Index Ventures backs 353 venture-backed companies new investor
- backs 50 venture-backed companies new investor
Also in the round
- Balderton Capital backs 140 venture-backed companies new investor
- Institutional Venture Partners backs 109 venture-backed companies new investor
- backs 8 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
1,003 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $30M, and this round was 5.2 times the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 24 Jun 2021 | $127M | not disclosed | not named |
| Tech Companies | 9 Jun 2021 | $75M | not disclosed | WestCap |
| Tech Companies | 30 Jun 2021 | $70M | not disclosed | Insight Partners and Dawn Capital |
| Tech Companies | 23 Jun 2021 | $70M | $400M | Craft Ventures |
| Tech Companies | 3 Jun 2021 | $65M | not disclosed | Insight Partners and Velvet Sea Ventures |
| Tech Companies | 8 Jun 2021 | $60M | $600M | Menlo Ventures |
| Tech Companies | 30 Jun 2021 | $60M | not disclosed | Insight Partners |
| Tech Companies | 2 Jun 2021 | $60M | not disclosed | Group 11 |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Dream Games raise in its Series B round?
Dream Games raised $155M in its Series B round, announced in Jun 2021.
Who led Dream Games' Series B round?
Index Ventures and Makers Fund led it, with Balderton Capital, Institutional Venture Partners and Kora.
What was Dream Games' valuation at the Series B round?
$1.00B post-money ($845M pre-money).
How does it compare with other Series B rounds in Tech Companies?
1,003 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $30M, and this round was 5.2 times the median.
Did Dream Games raise again after this round?
Yes: a Series C round in Jan 2022 of $255M at $2.75B post-money.