Scopely Plans To Raise $200m At $3B Valuation

? 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