Dream Games, a Beijing-based developer of mobile gaming experiences, today announced that it had secured $255m in funding at a $2.75bn valuation.
This latest round of funding was led by some of the world’s leading venture capital investors. It provides Dream Games with the capital to continue building groundbreaking experiences in the mobile gaming space.
Dream Games Raises $255m at $2.75bn Valuation
Dream Games is a mobile-focused gaming company that has seen remarkable success since its inception in 2018. Headquartered in Istanbul, Turkey, the firm specializes in creating immersive, innovative games enjoyed by gamers of varying backgrounds. They have achieved major milestones to dates, such as 300 million downloads, 200 million monthly active users (MAUs), and gross revenues of $400 million per year.
The team at Dream Games recently announced that it secured funding to the tune of $255 million from investors at a valuation of $2.75 billion – soaring levels for the company. This is undoubtedly great news for Dream Games, but what does it mean for the mobile gaming industry?
Dream Games has established itself as a leader in mobile game development and operates successfully across genres, including adventure, simulation, and puzzle games. The funding round was led by existing investors Sequoia Capital and Flutterwave CEO Iyinoluwa Aboyeji joining as a new investor – showing its strong standing within the industry. It undoubtedly puts forward an example to other aspiring mobile gaming companies considering taking on venture capital money or launching an IPO shortly – demonstrating that success can be found when focusing on excellence and innovation.
Overview of the funding round
Dream Games, a mobile gaming start-up, has secured $255 million in funding at a whopping $2.75 billion valuation. Investors include A-list venture capital firms such as Sequoia Capital and Index Ventures, alongside strategic investors like Tencent and game publisher Zynga.
The funding comes as the mobile gaming industry is experiencing explosive growth, driven by rapid increases in device availability and access to broadband data networks. With this influx of capital, Dream Games plans to expand its offerings and focus on developing titles rivaling bigger competitors like Supercell, GungHo Prize Fighting Studio, and Rovio.
In addition to expanding its product suite, Dream Games intends to put the raised funds towards deepening its presence in regions outside of the US by investing further in international team expansion. Its current titles are already successful in Europe, with other global markets on its radar for future growth.
The rise positions Dream Games among the top players in the industry, given its ambitious goal of becoming one of the largest mobile game publishers in history, with plans including top charts lists internationally. Before this round of funding, it has raised money from a range of investors throughout 2020 – though details remain undisclosed – taking it closer to achieving these goals at an unprecedented growth rate that has become normal for technology startups bridging gaps between sectors worldwide.
Investors
Dream Games recently secured $255 million in funding at a valuation of $2.75 billion, indicating that investors are bullish on the company’s prospects. The grant will strengthen the company’s position in the gaming industry and expand its operations.
Let’s look at who the investors in this round were and how they are looking to benefit from the deal.
Who invested in Dream Games?
Dream Games, the India-based gaming startup, has announced a $255 million funding round led by iconic Chinese gaming giant Tencent. The investment round allows Dream Games to secure a $2.75bn valuation, making it one of the most valuable gaming companies in the world.
The investment is part of Tencent’s expanding presence in India and also saw participation from existing investors Lightspeed Venture Partners and Norwest Venture Partners, as well as new investors Altimeter Capital and Waterwood Advisors. Dream Games plans on using the funds to expand its portfolio of games, develop its platform capabilities, and invest in partnerships that can accelerate new game discovery for players.
Tencent’s presence will open the door for additional collaboration opportunities with other gaming companies that are part of its global portfolio, such as Supercell and Epic Games. Dream Games will also benefit from Tencent’s extensive technological capabilities related to backend engine optimization across mobile platforms like Android and iOS devices.
What was the investment amount?
Dream Games recently raised $255 million in funding led by venture capital firm IVP, with participation from Chinese tech giant Tencent and existing investors General Atlantic, Index Ventures, and Octopus Ventures.
The financing round values the company at $2.75 billion, seven times the amount it was worth when it raised its prior round in 2019.
What is the valuation of Dream Games?
Dream Games secured a Series D funding of 255 million U.S. dollars from a group of investors. This investment has valued the company at a whopping 2.75 billion U.S. dollars, signaling strong confidence in the company’s long-term prospects within the digital entertainment sector.
The valuation is based on Dream Games’ track record of rapid growth over the past few years and its ability to maintain market leadership in its core areas of digital content distribution while expanding into related markets like virtual reality, augmented reality, and esports, as well as Dream Games’ strong capital structure and financial prudence which attracted investor confidence in the company’s long-term prospects for growth and revenue generation across multiple geographies in digital entertainment space.
Impact
The news of Dream Games raising $255 million in funding at a valuation of $2.75 billion has sent shockwaves across the gaming industry. It indicates the potential of the gaming industry and its prospects. This move is expected to have an expansive impact across numerous facets of the gaming industry, from entertainment to investment.
Let’s examine the impact of this news in detail.
How will this funding be used?
The venture funding, led by Japanese giant SoftBank Group’s Vision Fund 2, was the biggest single infusion of capital into an independent game developer. The new funds will be used to expand Dream Game’s technology infrastructure and support its global expansion. In addition, they will focus on creating higher quality and better experiences for gamers, developing more titles from internal and external studios with international partners, deepening their engine technology, and accelerating growth into areas such as mobile gaming and e-sports.
Dream Games sees this funding as a major milestone in the company’s development in that its investment round is several times larger than many of its rivals. With the fresh influx of capital, Dream Games expects to be able to double down on their existing titles, such as Free Fire, Step up Wars 2, and Raid: Shadow Legends, in addition to expanding their portfolio of new games. In particular, the company plans to invest heavily in improving technology infrastructure, particularly within artificial intelligence, which it believes is key for future growth.
Ultimately, Dream Games hopes that this funding will help them build more engaging gaming experiences for a larger audience across any platform – whether it be consoles or mobile devices – allowing gamers around the world to experience even more immersive entertainment.
What is the expected impact on Dream Games?
The multimillion-dollar investment that Dream Games has secured at a $2.75bn valuation will have a significantly positive impact on the company.
Dream Games is a US-based gaming platform offering free-to-play and real-money competitions across all genres since 2018. With the newly acquired capital, the organization will be able to expand its customer base, in addition to developing and launching new interactive gaming software for PC, console, and mobile devices, which will enhance its customer experience.
The additional funding will also help further expand their sales network by enabling them to reach out to more partners and publishers across the world, making Dream Games one of the top players in the global gaming industry. Moreover, with this surge of capital, as well as an enhanced customer experience, Dream Gaming is poised for massive growth potential moving forward. This impactful move will change the gaming landscape in the future, setting it on an accelerated path for bigger wins within the industry and beyond.
Closing
Dream Games has just closed a round of funding at $255 million, giving the company an evaluation of $2.75 billion. This new round of funding is a testament to the success of Dream Games as a gaming platform and is a major milestone for the company.
Let’s look at what this round of funding can do for Dream Games.
Summary of the funding round
Dream Games, a leading developer of mobile and tablet games, has announced that it has secured $255 million in funding at a $2.75 billion valuation. This is the largest round of financing a video game developer has ever achieved, making Dream Games one of the world’s most valuable private technology companies.
The funding, led by SoftBank’s Vision Fund 2, will help Dream Games continue to build on its successful mobile game franchises and expand into new gaming genres. It will also enable the company to acquire new technologies and talent to drive further growth. Dream Game’s co-founder, Chen Haozhi, said that this was an exciting time for the company and that he was grateful for the support from investors.
The proceeds from this financing round will be used to accelerate innovation at Dream Games further and support expansion plans to bring more compelling and comprehensive gaming experiences to customers worldwide. By tapping into global markets with a wide array of gaming titles across multiple platforms, Dream Games aims to become the preeminent global interactive entertainment provider.
What’s next for Dream Games
Dream Games is riding a wave of success and optimism as the business closes yet another round of funding. This brings the total financing for the company to $255 million at a current valuation of $2.75 billion.
As Dream Games continues to blaze trails in the gaming industry, all eyes will be on them to see what the future holds. What kind of direction will Kenton Fiegener take? What acquisitions will strengthen and accelerate their progress? What inventive ideas are next coming down the pipe?
Dream Games has all the potential to become an industry leader if they continue to execute wisely and stay agile while navigating a rapidly changing landscape. It remains to be seen which path they choose, but one thing is clear: they are on their way up, and their ascent would appear steep with no sign slow signs in sight.
