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Dream Games

Funding History

$0$1.3B$2.5B$3.8B$5.0B20192020202120222023202420252026
Valuation by funding round
Series B · 07/2021$1.0B
Series C · 01/2022$2.8B
CVC Capital Partners strategic investment · 05/2025$5.0B

About

Dream Games is an Istanbul-based mobile game studio best known for the match-3 puzzle title Royal Match.

founded
2019
headquarters
Istanbul, Turkey
priorVentureFundingTotal
$467.50M
latestDisclosedValuation
$5.00B
latestValuationDate
05/2025

Overview

Dream Games is a privately held mobile game developer headquartered in Istanbul, Turkey, founded in 2019.

The company is best known for Royal Match, a match-3 puzzle game that became the world's top-grossing mobile game in 2023, and its follow-up title Royal Kingdom, launched in late 2024.

In May 2025, CVC Capital Partners announced a strategic investment valuing the company at approximately $5 billion, under which CVC bought out Dream Games' earlier venture capital investors. The company's five co-founders retained a majority ownership stake. The transaction was expected to close in Q3 2025.

Private securities are speculative, illiquid, and involve risk of complete loss of principal. You should be prepared to hold private securities for an extended period; there is no assurance of a secondary market, an IPO, or other liquidity event. You are fully responsible for conducting your own due diligence. Pricing is indicative — nothing here is an offer of securities.

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