Funding round
Dream Games Series C
Dream Games, which works in mobile game development in Şişli, raised $255M in a Series C round announced on 18 Jan 2022, led by Index Ventures, at a $2.75B post-money valuation. 6 firms took part, 5 of them already investors. It is Dream Games' fourth venture round on record; the one before was a Series B in Jun 2021.
$255M
Amount raised
$2.75B
Post-money valuation
$2.50B pre-money
6
Investors
1 lead
2.8x
Step-up from the Series B
$1.00B in Jun 2021
9.3%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Dream Games at $2.75B after the new money, 2.8 times the $1.00B of its Series B (Jun 2021). The $255M bought investors about 9.3% of the company. It came 7 months after Dream Games' Series B. It is 55% of the $468M Dream Games has raised in the venture rounds on record. No later venture round is on record for Dream Games.
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 30 Jun 2021, led by Index Ventures and Makers Fund $155M$1.00B post-money
- Series C this round 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 5 other firms. Index Ventures, Makers Fund, Institutional Venture Partners and Kora and 1 more had backed Dream Games before.
Lead investor
- Index Ventures backs 353 venture-backed companies existing investor
Also in the round
- backs 50 venture-backed companies existing investor
- Institutional Venture Partners backs 109 venture-backed companies existing investor
- BlackRock new investor
- backs 8 venture-backed companies existing investor
- Balderton Capital backs 140 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
488 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 4.3 times the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| 1Password Tech Companies | 19 Jan 2022 | $620M | $6.80B | ICONIQ Growth |
| Tech Companies | 5 Jan 2022 | $400M | $17.50B | ICONIQ Growth |
| OpenSea Tech Companies | 4 Jan 2022 | $300M | $13.30B | Paradigm and Coatue |
| Tech Companies | 11 Jan 2022 | $150M | $1.00B | K1 Investment Management |
| Tech Companies | 20 Jan 2022 | $150M | not disclosed | SoftBank Vision Fund |
| Tech Companies | 19 Jan 2022 | $150M | not disclosed | Lightspeed Venture Partners and Tiger Global |
| Tech Companies | 18 Jan 2022 | $114M | $1.00B | Tiger Global |
| Tech Companies | 11 Jan 2022 | $111M | $1.40B | Brookfield |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Dream Games raise in its Series C round?
Dream Games raised $255M in its Series C round, announced in Jan 2022.
Who led Dream Games' Series C round?
Index Ventures led it, with Makers Fund, Institutional Venture Partners, BlackRock, Kora and Balderton Capital.
What was Dream Games' valuation at the Series C round?
$2.75B post-money ($2.50B pre-money).
How does it compare with other Series C rounds in Tech Companies?
488 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 4.3 times the median.