Wednesday, October 28, 2020

Scopely Scores $340M Funding Round

Los Angeles-based mobile games developer Scopely announced this morning that it has raised a huge, $340M Series E funding round. According to the company, the new funding came from Wellington Management, NewView Capital, TSG Consumer Partners, Canada Pension Plan Investment Board (CPP Investments), funds managed by BlackRock, D1, Battery Ventures, Eldridge, Declaration Partners, and Moore Strategic Ventures, plus Greycroft, Baillie Gifford, Sands Capital, Revolution Growth, and Highland Capital Partners. According to Scopely co-CEO Walter Driver, the investment comes as Scopely has become a "significantly profitable business". Scopely said the new funding will go towards supporting its M&A strategy as well as expansion into new product categories. The company says it now has approximately 950 employees, split between its offices and studios in the United States, Spain, Ireland, the UK, and Japan. More information »