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

LATER VENTURE | ANNOUNCEMENT DATE : 18 SEP 2020
WRITTEN BY | 22 Sep 2020
Scopely Plans To Raise $200m At $3B Valuation
LATER VENTURE

💵 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

Scopely
  • Established in 2011

  • Headquarters — California, United States with offices in Spain, Ireland, U.K., and Japan

  • Team of 950 employees

  • Founded by Walter Driver, Ankur Bulsara, Eytan Elbaz and Eric Futoran

  • Mobile gaming developer and publisher