Dream Games creates free-to-play mobile puzzle games with a focus on long-lasting, high-quality experiences. The studio, based in Istanbul, gained prominence with Royal Match, a match-3 game where players solve puzzles to decorate a king’s castle, and later Royal Kingdom, expanding the same universe and mechanics. The games are monetized primarily through in-app purchases, while Royal Match notably avoids in-game ads to ensure uninterrupted gameplay. The company differentiates itself with polished visuals, engaging storytelling and decorating mechanics, a strong emphasis on user experience, and a team with deep Puzzle game expertise from Peak Games. The overarching goal is to captivate a global audience with compelling puzzle experiences, sustain player engagement, and grow a scalable, enduring mobile gaming IP through ongoing titles and potential expansions.
Company Size
201-500
Company Stage
Acquired
Total Funding
$1.7B
Headquarters
Istanbul, Türkiye
Founded
2019
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Türkiye's domestic mobile revenue grew 6% to $347m in 2025. Turkish dveloper revenue increased by 450% over the past six years to $2.7 billion Published on June 9, 2026 Türkiye's mobile revenue rose 6% in 2025 to $347 million, its highest annual total to date. Over the past six years, Turkish developer revenue has grown by 450% to $2.7 billion. According to AppMagic's annual Turkish mobile report, produced with Gamigion, Türkiye's global market share rose from 1% to 5% alongside these revenue gains. Downloads declined by 4% year-on-year to 1.8 billion, which AppMagic identifies as a shift from volume to monetisation in the mobile market. The number of active developers in Türkiye increased by 18.6% in 2025, following a significant spike in 2022, when growth reached 105.5% year-on-year. Dream Games was the top Turkish developer globally by revenue in 2025, reaching $1.7 billion, followed by Peak Games ($619.7 million), and Rollic ($207 million). Dream Games and Peak Games generated over 80% of publisher revenue. Dream Games alone contributed 60% of this total through its two titles, Royal Match and Royal Kingdom, which have together earned more than $5.2 billion in in-app purchases. Puzzle games made up approximately 97% of Türkiye's mobile revenue. The top-grossing domestic titles were PUBG Mobile ($17.3 million), eFootball ($10.4 million), and Whiteout Survival ($10 million). Since 2009, Turkish developers have raised $3.6 billion in funding. Dream Games secured the largest investment in Turkish history in May, raising $2.5 billion in a round led by CVC Capital Partners. Excluding Dream Games, investments in 2025 totaled $234 million, 32 times higher than in 2020. This included Good Job Games raising $60 million, and Grand Games securing $30 million in January and an additional $70 million in May 2026. Loom Games reached a valuation of over $1 billion in less than 12 months before its acquisition by Scopely in February 2026. Leading domestic investors are the state-backed Türkiye Development Fund (163 investments), Boğaziçi Ventures (74), WePlay Ventures (24), Ludas Ventures (23, backing Spyke, Alpaka, and TaleMonster), and Laton Ventures (key backer of Grand Games).
Dream Games, a mobile game distribution service provider, announced a capital agreement with Playrix's PLR Worldwide Sales Limited. Playrix will subscribe to approximately 38.08 million shares of Dream Games at HK$1.024 per share, a 3.4% discount from the July 28 closing price of HK$1.06. The total investment amounts to HK$39 million. Upon completion, Playrix will hold approximately 2.11% of Dream Games' shares.
In Q2 2025, the games industry saw $3 billion in disclosed M&A deal value. Krafton's $516 million acquisition of ADK was the largest of 46 deals. CVC invested $2.5 billion in Dream Games at a $5 billion valuation, marking a major VC exit. Other notable deals included Tencent's $80 million investment in Arrowhead and Wolves Esports Club raising $28 million. Public gaming stocks rebounded, with Square Enix, Roblox, and Konami as top performers. Take-Two proposed a $1 billion stock offering.
CVC, a global alternative asset management firm, has entered into transaction agreements involving Dream Games. Paksoy provided advisory services to CVC, while White & Case LLP advised Dream Games.
Dream Games raised around $2.5bn in equity and debt in a private equity funding round that valued the enterprise at $5bn, unnamed people familiar with the matter told Bloomberg on May 1.