Dream Games secures strategic investment from CVC as sole equity partner

Royal Match and Royal Kingdom developer Dream Games has secured a strategic investment from private equity company CVC. 

The deal allows Dream Games’ early venture capital backers to exit after five years while bringing in CVC as the sole strategic equity partner to support global growth. 

Expected to close in Q3 2025 pending regulatory approvals, the deal will support Dream Games’ plans to expand the Royal franchise and develop new mobile titles for a global audience.

Investment management firm Blackstone and other investors will provide debt financing as part of the transaction.

This comes after Dream Games sought $2.5 billion in debt and equity to buy out existing investors and double its valuation to nearly $5bn, up from $2.75bn in 2022.

Building the ‘Royal Universe'

“We are incredibly proud of what our team has built so far, and we’re excited to enter this next phase of growth with the support of our new investors," said Dream Games co-founder and CEO Soner Aydemir.

“Their experience investing in category-leading companies, and track-record of supporting the long-term vision of founding teams, make them ideal partners as we continue to enhance our global leadership."

CVC managing partner and head of sports, media and entertainment team Nick Clarry commented: “Dream Games has created some of the world’s most beloved and commercially successful IP - including King Robert, King Richard & The Dark King. 

“We are very pleased to have the opportunity to work with this world class management team, and help them realise their ambitious vision in the Royal Universe.”

In 2024, Dream Games released a sequel to Royal Match, Royal Kingdom, which amassed $2.4m in revenue in 14 days, beating Royal Match's record.