Total amount raised
$998.5 Millions
Latest funding date
10/01/2021
Location
Scopely has successfully raised funds through multiple rounds, culminating in its acquisition by Savvy Games Group for $4.9 billion. The company boasts a diverse portfolio of popular games, including "MONOPOLY GO!" and "MARVEL Strike Force".
With 79 investors backing its journey, Scopely continues to make significant strides in the digital entertainment industry. Keep reading to explore the intricacies of Scopely's fundraising journey and the investors supporting this innovative platform.
What Is Scopely?
Scopely, founded in 2011 in Culver City, California, is an interactive entertainment and video game company. The company was established by Ankur Bulsara, Eric Futoran, Eytan Elbaz, and Walter Driver. Scopely employs between 1001 and 5000 people, creating immersive games that inspire community, connection, and competition.
How Much Funding Has Scopely Raised?
- Seed Round
- Amount Raised: $8.5M
- Date: September 2012
- Lead Investors: Anthem Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company's operations and develop its initial game offerings.
- Series A
- Amount Raised: $35M
- Date: November 2014
- Lead Investors: Evolution Media, Highland Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the company's game portfolio and scale its operations.
- Series B
- Amount Raised: $55M
- Date: July 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop and market its existing games.
- Series C
- Amount Raised: $60M
- Date: June 2017
- Lead Investors: Revolution Growth
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth and expand its game development capabilities.
- Series C
- Amount Raised: $100M
- Date: June 2018
- Lead Investors: Greenspring Associates, Horizons Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and fund strategic acquisitions.
- Series D
- Amount Raised: $400M
- Date: October 2019
- Lead Investors: NewView Capital
- Valuation at Round: $1.9 billion
- Motivation Behind the Round: To expand its mobile gaming portfolio and support mergers and acquisitions.
- Series E
- Amount Raised: $340M
- Date: October 2020
- Lead Investors: NewView Capital, Wellington Management
- Valuation at Round: $3.3 billion
- Motivation Behind the Round: To support growth plans, including acquisitions and expansion into new product categories.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: December 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: October 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
Total Amount Raised: $998.5M. Current Valuation: $4.9 billion.
Key Investors
- Wellington Management
- Details: Wellington Management is a private, independent investment management company. It manages over $1 trillion in client assets.
- Investment Focus Areas: Broad investment management across various sectors, including technology, healthcare, and financial services.
- Notable Investments: Tesla, Amazon, Alphabet.
- NewView Capital
- Details: NewView Capital is a venture capital firm focused on growth-stage companies. It was founded by Ravi Viswanathan in 2018.
- Investment Focus Areas: Growth-stage technology companies, software, and fintech.
- Notable Investments: Plaid, Duolingo, Segment.
- TSG Consumer Partners
- Details: TSG Consumer Partners is a private equity firm specializing in the consumer sector. It was founded in 1987 and has invested in numerous well-known brands.
- Investment Focus Areas: Consumer brands, food and beverage, and personal care.
- Notable Investments: Vitaminwater, Popchips, Smashbox.
- Canada Pension Plan Investment Board (CPP Investments)
- Details: CPP Investments is a professional investment management organization that invests the funds of the Canada Pension Plan. It manages over $500 billion in assets.
- Investment Focus Areas: Diverse global investments, including real estate, infrastructure, and private equity.
- Notable Investments: Global infrastructure projects, real estate developments, and private equity funds.
- BlackRock
- Details: BlackRock is a global asset management firm, managing over $9 trillion in assets. It offers investment management, risk management, and advisory services.
- Investment Focus Areas: Broad asset management across various sectors, including technology, healthcare, and financial services.
- Notable Investments: Apple, Microsoft, Facebook.
What's Next for Scopely?
Scopely's future is brimming with opportunities, driven by its strategic focus on expanding its mobile gaming portfolio through mergers and acquisitions. With a recent $340 million Series E funding round, the company is well-positioned to capitalize on the growing mobile gaming market. The acquisition of FoxNext Games and partnerships with major franchises like Star Trek and Marvel highlight the potential for significant growth.
As Scopely continues to scale, future fundraising opportunities may include an initial public offering (IPO), given that the Series E round is expected to be its last private funding. This move could provide the capital needed to further expand its game portfolio and explore new product categories. However, challenges such as integrating acquired companies and maintaining profitability in a competitive market will require careful navigation.
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