- Mobile game developer Scopely announced recently that it raised $200 million in Series D funding led by NewView Capital
Scopely — a leading company in the mobile games space — announced recently that it raised $200 million in Series D funding led by NewView Capital with participation from Canada Pension Plan Investment Board (CPPIB) and Baillie Gifford along with existing investors including Greycroft Partners, Revolution Growth, and Sands Capital Ventures. With this round of funding, Scopely — which is profitable and growing — plans to accelerate the company’s M&A and investment strategy along with expanding its diverse portfolio of games across new genres and intellectual property.
This investment round also follows the company’s milestone of hitting more than $1 billion in lifetime revenue this past summer alongside a number of recent milestones that have more than doubled Scopely’s valuation in just a year.
Scopely added 2 new games to its portfolio as of the end of 2018, including Looney Tunes World of Mayhem and Star Trek Fleet Command. These games were created with DIGIT Game Studios. And now Star Trek Fleet Command is Scopely’s fastest-growing title ever.
“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,” said Scopely Co-CEO Walter Driver.
Gaming on mobile devices is now the biggest and fastest-growing category in interactive entertainment. And Scopely has been a rising force in this market by delivering top-grossing franchises across multiple genre categories.
“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,” added Scopely Co-CEO Javier Ferreira.
Scopely creates, publishes, and live operates mobile products for worldwide audiences. And it delivers digital directed-by-consumer experiences of both original and well-known entertainment brands.
“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,” explained Ravi Viswanathan, Managing Partner of NewView Capital. “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.”
Some of the games Scopely developed include WWE Champions 2019, The Walking Dead: Road To Survival, YAHTZEE With Buddies, and Wheel of Fortune: Free Play, and several others.
“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,” commented Greycroft partner Mark Terbeek.
