附近上门

Less than five months after raising a $200 million Series D, mobile game publisher has closed on a $200 million extension of that round.

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Advance, a private family-owned business that invests in media and technology companies, and existing backer , a consumer-focused investment firm, participated in the second tranche of the round.

Culver City, California-based , which is profitable, reached unicorn status with the first tranche of its series D. This extension gives the company a post-money valuation of $1.9 billion. With this extension, the company has raised a total of $658.7 million since its 2011 inception, according to .

Scopely, which has 800 employees working in five countries, has certainly seen impressive growth. The company saw a 72 percent compound annual growth rate (CAGR) from 2014 to 2019. Plus, it reached more than 鈥�$1 billion in lifetime revenue鈥� last summer.

In 2019, Scopely acquired , saw success with its game MARVEL Strike Force, and launched Scrabble庐 GO.

The company plans to use its new capital toward more mergers and acquisitions and expand聽 its portfolio of games across new genres.

鈥淲hen we first announced our Series D funding late last year, a number of discussions with strategic partners who share our vision for the future of interactive entertainment were ongoing,鈥� said , Scopely co-founder and Co-CEO, in a written statement.

In a announcing the extension, Driver and co-CEO said:

鈥淥ur global team, who is now working remotely to best protect their health and their families鈥� health, has truly rallied as one to continue serving our players and maintain the social connection and experiences they rely on from us. 鈥� We are acknowledging this additional financing, which has been in the works for several months and was completed earlier this year, as it was shared publicly by the FTC following regulatory approval this week.鈥�

Investors weigh in

Janine Shelffo, chief strategy and development officer at Advance, said her firm has been closely watching the gaming industry and 鈥渋dentified Scopely as a rising force.鈥�

鈥淲e are deeply impressed with its industry-leading technology platform and analytics capability, which it has leveraged to create a diverse portfolio of consistently successful games,鈥� she continued.

, TCG鈥檚 co-founder and partner, said Scopely has consistently outperformed expectations since his firm first backed the company nine years ago.

鈥淎s the traditional media industry continues to go through unprecedented change, we believe that Scopely has all the ingredients for tremendous success鈥攅xposure to games (the fastest-growing sector in media), a scalable and durable technology platform, a diversified set of well-known IP, an attractive economic profile and a team hyper-focused on execution and long-term success,鈥� Jacobs continued.

If it鈥檚 making so much money, why the large raises? Managing Partner told me last October that the M&A space in gaming was heating up.

鈥淭here鈥檚 a lot of interesting companies and assets that they can acquire and incorporate into the broad Scopely platform,鈥� he said.

Scopely does have a good track record. According to Viswanathan, it鈥檚 produced six games in a row that are on track to reach or surpass $100 million in gross lifetime revenue, which he said 鈥渋s pretty astounding.鈥�

鈥淕aming is a massive market, worth over $130 billion, and mobile gaming is the fastest-growing piece of it, representing about half,鈥� Viswanathan told me last October. 鈥淚n Scopely, we see significant scale, growth and profitability–an unusual trifecta. We see a huge market opportunity in front of them.鈥�

NewView of , aka New Enterprise Associates, in late 2018, raising $1.35 billion for its debut fund. NEA had a small position in Scopely and NewView brought that over when it broke out.

I鈥檝e said it before, and I鈥檒l say it again. Gaming may not be taken seriously by all. But if this round is any indication, maybe it should be.

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