On June 30th, Dream Games, a mobile gaming start-up company based in Turkey, announced it had received $155 million from investors. This means that the company is now valued at $1 billion since launching its debut game Royal Match.
The company recently announced it had closed its second round of institutional investing that was led by Index Ventures and Makers Fund. Other contributions were made by Balderton Capital, IVP, and Kora.
“The funding will be used for heavy user acquisition in every channel and every geography,” said Soner Aydemir, the co-founder of Dream Games. “Our main target is to scale the game so that it becomes one of the biggest games in the global market.”
This funding represents the largest round of series B financing in Turkey. The influx of money gave the organization “Unicorn” status, which is granted to start-up companies that have a valuation of at least $1 billion.