Dream Industries

Dream Industries was a Moscow-based holding company established in 2009 with a focus on developing content-based digital products. The company was founded by Simon Dunlop, Victor Frumkin, and Alexey Ostroukhov. Operating in the information services and online media sector, the firm's business model revolved around creating and managing a portfolio of consumer-facing technology platforms. Dream Industries developed several distinct products aimed at making cultural and knowledge-based content more accessible.

The company's primary assets included Zvooq, a licensed digital music service tailored for emerging markets, and Bookmate, a subscription-based e-reading platform. Additionally, the portfolio contained DI Telegraph, which provided a tech-focused co-working space, educational hub, and event venue, and Unisound, a digital audio advertising solutions provider. This suite of products positioned Dream Industries as a developer of online services spanning music, books, and knowledge exchange for the B2C market.

Throughout its operational history, the company secured significant financial backing to fuel its growth. Dream Industries raised a total of $11.1 million over three funding rounds. Key investors included the Finnish fund Essedel, Yulmart, Augustus Meyer, and Dmitry Kostygin. Notable funding events included a $3.09M Angel round in 2011, a $5M Series A round in April 2012, and another $3M Series A round on May 23, 2014, led by Yulmart. The company's journey concluded when it was acquired by Sberbank on September 28, 2020, and is now considered inactive.

Keywords: digital media, content platforms, online media services, music streaming, e-reading services, subscription model, Zvooq, Bookmate, DI Telegraph, Russian tech, Simon Dunlop, Victor Frumkin, venture capital, digital content, consumer technology, mobile applications, e-books, digital music, co-working space, Sberbank acquisition