? Later Stage VC
California-based mobile game developer and publisher Scopely is in talks with its investors to raise at least $200m of funding at a $3B valuation
It is a notable increase compared to $1.9B post-money valuation Scopely had in March 2020
According to Bloomberg’s source, the company is cash-flow positive and had about $475m in revenue bookings in 2019. Wellington Management and NewView Capital are expected to lead the round
However, none of the companies’ representatives have commented on the news
Up to date, Scopely has raised $658m in funding
? Latest Rounds
In March 2020, Scopely raised $200m more as part of its Series D2 round, from Advance
In October 2019, Scopely raised $200m in a Series D1 round led by NewView Capital Management
In June 2018, the company raised $100m over its heavily oversubscribed Series C2 round from Greenspring Associates and Horizons Ventures
In June 2017, $60m was raised over the Series C1 round led by Revolution Growth
In July 2016, Scopely raised $55m in a Series B round led by Greycroft Growth Fund
In November 2014, Scopely raised $35m in a Series A round led by Evolution Media Growth Partners and Highland Capital Partners
? Recent Announced M&As
In January 2020, Scopely has acquired FoxNext Games. The valuation is rumored to be $250m
In April 2020, Scopely has acquired PierPlay, the developer of mobile word game Scrabble Go
In 2019, Scopely has acquired Irish mobile game developer DIGIT Game Studios, creator of MMO/strategy game Star Trek Fleet Command
? Products
Scopely is a mobile game developer and publisher, which library of games includes MARVEL Strike Force, Star Trek Fleet Command, The Walking Dead: Road to Survival, WWE Champions, Looney Tunes World of Mayhem, Scrabble GO, and others
The games of the company have been downloaded more than 276 million times.
In April 2020, the company saw a rapid increase in downloads, reaching about 9 million
Most of the downloads are generated by Scrabble Go title, created by PierPlay (acquired)
This is a great result for Scopely, but this is still less than the company’s record of 10 million downloads in December 2018, caused by the successful launch of Looney Tunes game.
According to AppMagic, over the last twelve months (Sep’19 — Aug’20) Scopely demonstrated
$450m+ in-app Net revenue ($48m+ in August)
55m+ downloads
SOURCES: BLOOMBERG
