Dream Games, a Turkish mobile gaming company, has secured $7.5 million in funding. Makers Fund led the round with participation from Balderton Capital.
NOVEMBER 20, 2019: Dream Games – the Turkish mobile gaming company founded by the team that worked on hit puzzle games Toy Blast and Toon Blast – has raised $7.5 million in its first highly competitive round of seed funding.
In just three months, Dream Games has already attracted interest from a number of leading game companies and VCs, including Makers Fund who led this round, and co-investor Balderton Capital.
The investment will be used to fund the recruitment of new talent to join the Dream Games team in Istanbul as it looks to increase its personnel five-fold over the next two years.
The company has been co-founded by the former Product Director at Peak Games, Soner Aydemir, who worked for Toy Blast and its successor Toon Blast. Joining Soner on the Dream Games founding team are Ikbal Namli and Hakan Saglam, the former engineering leads; Eren Sengul and Serdar Yilmaz, the product manager and 3D artist.
In its first year, Dream Games wants to grow this team size to 20. In year two, this team will expand further as the company gears up for launch and requires additional expertise.
“Supercell built amazing games with very small teams,” said Soner, “proving you don’t need huge teams spread across regions to build something people want to play. What you do need, however, is a talented team. We plan to focus our investments on building a highly skilled team to develop high-quality games.”
A high-quality approach
Rather than releasing game after game into a relatively saturated mobile space, Dream Games is setting itself apart by focusing on quality over quantity.
“We don’t believe in a hit-or-miss approach towards game development” added Soner. “For us, its evolution over innovation, execution over ideas. We plan to fix the pain points for players in existing games and our experience makes us confident we can build something truly global by focusing on a single high-quality, long-standing game instead of multiple flash-in-the-pan titles. We’d rather people were loyally playing our one game for 10 years than losing interest every six months when something new comes along.”
It’s Turkey’s time to shine
Part of Dream Games appeal is that it’s part of a flourishing gaming ecosystem coming out of Istanbul that’s attracting interest from the industry’s biggest players; a region that is establishing itself as a leading market.
In 2017, Peak Games sold its card and board games studio to mobile gaming giant Zynga for $100 million. Zynga later opened a studio in Istanbul and made further acquisitions, paying $250 million for Gram Games, the Turkish developers behind hugely popular puzzle titles.
This helped kickstart an ecosystem of leading hyper-casual gaming studios, with the likes of Good Job Games, Ruby Games, Alictus, Rollic Games and Bigger Games all launching in the region over the past two years and being responsible for some of the United States’ most popular and most downloaded games.
Dream Games is hoping its seed round investment, coupled with this thriving ecosystem, will help attract top talent to join the gaming industry in Turkey.
Michael Cheung, Partner at Makers Fund said:
“Casual puzzle games are some of the most successful and long-lasting titles in the industry, with recent successes showing there’s further room for growth. The Dream Games team’s achievements speak to a dedication and devotion to cracking the genre; together with their focus on Istanbul, a city we believe will be the next major hub for gaming. We’re honoured to be supporting them early in their journey.”
Rob Moffat, Partner at Balderton Capital said:
“Our thesis in mobile games is very simple, to invest in the very best teams. We were blown away by the intensity, ability and cohesiveness of the Dream Games founding team. Their experience in building two of the most successful casual games of the last few years really stands out. At Balderton, we have been lucky enough to invest in several success stories in mobile casual games (Big Fish, Wooga, Natural Motion) and we believe Dream Games could be even bigger than these.”
About Dream Games
Dream Games is a mobile gaming company based in Istanbul. Our objective is to combine technology and creativity to develop high-quality mobile games that will be played for years.
About Makers Fund
Makers Fund is a venture capital firm created to support founders in the global Interactive Entertainment industry, by combining deep industry experience with multi-stage investment across Seed to Series B.
Balderton Capital is a London-based venture firm focused exclusively on backing the best European-founded technology companies. In the two decades since our founding, we have worked with hundreds of extraordinary European founders, and raised seven funds totalling more than $2.7bn. Previous exited investments include Betfair (FTSE: BET), Magic Pony (Twitter), NaturalMotion (Zynga), Recorded Future (Insight Partners), Sunrise (Microsoft), Talend (NASDAQ: TLND) and Yoox Net-a-Porter (BIT: YNAP). Among Balderton’s current portfolio of over 90 companies are Aircall, Carwow, Citymapper, Contentful, Frontier Car Group, GoCardless, Hiya, The Hut Group, Kobalt Music, Labster, Nutmeg, Prodigy Finance, Revolut, SOPHiA Genetics, Vestiaire Collective, Vivino and Voi