- Dream Games has been created by the team that worked on hit puzzle games Toy Blast and Toon Blast
- Its founders consist of five former employees of Peak Games
- The $7.5 million seed investment has come via Makers Fund and Balderton Capital
- Dream Games plans to spend this investment on recruiting the best in new talent
- The company aims to design high-quality puzzle games
19th November, 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.
Earning itself a valuation of $25 million just three months since it launched, and attracting interest from a number of leading game companies and VCs, Dream Games’ investment is being led by Makers Fund, with 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 great games.”
A high-quality investment
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.
More recently, Turkish-based Masomo – the developers behind Head Ball 2 – was bought by Miniclip in a deal said to be worth around $100 million. Dream Games is hoping its seed round investment, coupled with this thriving ecosystem, will help attract top talents to join the gaming industry in Turkey.
Rob Moffatt, partner at Balderton Capital said: “With the founders’ fantastic pedigree and experience working on leading puzzle games, coupled with their high-quality, long-term vision, and the vital role they’re playing in Turkey’s bustling and vibrant gaming ecosystem, we felt Dream Games was a perfect investment for us. We’re excited to see how the team flourishes, and the incredible talent it attracts as it sets out its commitment to the industry and the region.”