- Leading mobile gaming company Scopely announced it raised $200 million in Series D funding led by NewView Capital
Leading mobile gaming company Scopely announced it has raised $200 million in Series D funding led by NewView Capital with participation from Canada Pension Plan Investment Board (CPPIB) and Baillie Gifford. Existing investors Greycroft Partners, Revolution Growth, and Sands Capital Ventures also joined the round.
Profitable and rapidly growing, Scopely plans to use the strategic funding to accelerate the company’s M&A and investment strategy, expanding its diverse portfolio of games across new genres, and IP.
This investment round comes on the heels of the company hitting over $1 billion in lifetime revenue this past summer. And the company achieved a number of other milestones like more than doubling valuation in just one year. And at the end of 2018, the company added two new games to its highly diverse portfolio: Looney Tunes World of Mayhem and Star Trek Fleet Command — which was created with the recently acquired DIGIT Game Studios and is now Scopely’s fastest-growing title ever.
Mobile gaming is considered the largest and fastest-growing category in interactive entertainment and generates more than the worldwide box office. As one of the fastest-growing mobile gaming publishers in North America, Scopely has been a rising force in the interactive entertainment market and consistently delivered top-grossing franchises across multiple genre categories.
Key Quotes:
“With our business continuing to scale and the durability of our flagship properties, we are more bullish than ever on further expanding our portfolio through M&A. This funding round adds the financial support to pursue large-scale acquisition opportunities.”
-Scopely Co-CEO Walter Driver
“The continued interest in our business is a great validation of both our momentum this past year and the fundamental strength of Scopely. We plan to continue to create and deliver the very best game experiences that are an important part of people’s lives – now on an even greater scale.”
-Scopely Co-CEO Javier Ferreira
“Scopely is emblematic of the rise of interactive entertainment and we have seen firsthand the team’s ability to repeatedly and successfully launch and sustain mobile products, which are complex live businesses. Scopely’s technology platform coupled with their strategic partnerships and track record are unmatched in the western world and we are thrilled to deepen our relationship to support their next phase of growth.”
-Ravi Viswanathan, Managing Partner of NewView Capital
“We’ve been longtime supporters of Scopely since our initial seed investment and we continue to be incredibly impressed by their momentum. Scopely has solidified their role as one of the preeminent free-to-play games companies and we are thrilled to increase our participation in the business.”
-Greycroft Partner Mark Terbeek
