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LA-based gaming studio Scopely raises $200 million at a $1.4 billion valuation

TechCrunch LA

The new investment follows Scopely’s milestone of achieving more than $1 billion in lifetime revenue. Indeed, part of the reason for the financing is to accelerate the pace of its acquisitions and investments into new game development studios, according to chief executive, Walter Driver.

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FabFitFun raises $80 million for its growing lifestyle brand

TechCrunch LA

In a statement the company said the new financing would be used to expand FabFitFun membership offerings and consolidate its position as a marketing partner and platform for brands. As a result of the investment, Kleiner Perkins general partners Mood Rowghani and Mary Meeker will join as board members and observers, respectively.