Total amount raised
$998.5 Million
Latest funding date
10/01/2021
Location
Scopely has successfully navigated 10 funding rounds, attracting the support of 80 investors, including recent backers Empede Capital and Maximize Capital. The company continues to innovate in the entertainment and video game industry, creating immersive experiences for a global audience.
Keep reading to explore the intricacies of Scopely's fundraising journey and the investors backing this dynamic platform.
What Is Scopely?
Scopely, headquartered in Culver City, California, is a prominent player in the entertainment and video game industry. The company specializes in creating, publishing, and live-operating immersive games, focusing on digital entertainment, mobile apps, online games, software, and video games.
With a substantial workforce of 1001-5000 employees, Scopely has made significant strides in the industry, including multiple funding rounds and acquisitions. The company aims to expand the possibilities of play through game experiences that foster community, connection, and competition.
How Much Funding Has Scopely Raised?
- Seed Round
- Amount Raised: USD 8,500,000
- Date: September 2012
- Lead Investors: Anthem Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and launch initial game titles and establish a foothold in the mobile gaming market.
- Series A
- Amount Raised: USD 35,000,000
- Date: November 2014
- Lead Investors: Evolution Media, Highland Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and expand the game portfolio.
- Series B
- Amount Raised: USD 55,000,000
- Date: July 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance game development capabilities and increase market reach.
- Series C (June 2017)
- Amount Raised: USD 60,000,000
- Date: June 2017
- Lead Investors: Revolution Growth
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the launch of new game titles and strategic acquisitions.
- Series C (June 2018)
- Amount Raised: USD 100,000,000
- Date: June 2018
- Lead Investors: Greenspring Associates, Horizons Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand the game portfolio and enhance technology infrastructure.
- Series D
- Amount Raised: USD 400,000,000
- Date: October 2019
- Lead Investors: NewView Capital
- Valuation at Round: USD 1.9 billion
- Motivation Behind the Round: To accelerate growth through acquisitions and partnerships.
- Series E
- Amount Raised: USD 340,000,000
- Date: October 2020
- Lead Investors: Wellington Management, NewView Capital, TSG Consumer Partners, Canada Pension Plan Investment Board, BlackRock, D1, Battery Ventures, Eldridge, Declaration Partners, Moore Strategic Ventures, Greycroft, Baillie Gifford, Sands Capital, Revolution Growth, Highland Capital Partners
- Valuation at Round: USD 3.3 billion
- Motivation Behind the Round: To expand the mobile gaming portfolio through mergers and acquisitions and to prepare for a potential public offering.
- Secondary Market (December 2020)
- 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 (October 2021)
- Date: October 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To offer additional liquidity options for stakeholders.
Scopely has raised a total of USD 998,500,000 with a current valuation of USD 3.3 billion.
Key Investors
- Wellington Management
- Details: Wellington Management is a private, independent investment management company. It provides investment solutions to a wide range of clients globally.
- Investment Focus Areas: Broad investment management across various sectors.
- Notable Investments: Alphabet, Amazon, Microsoft.
- NewView Capital
- Details: NewView Capital is a venture capital firm focused on growth-stage companies. It aims to provide flexible capital solutions to help companies scale.
- Investment Focus Areas: Growth-stage technology companies.
- Notable Investments: Plaid, Duolingo, Segment.
- TSG Consumer Partners
- Details: TSG Consumer Partners is a private equity firm specializing in growth capital investments in consumer brands. It has a strong track record in the consumer sector.
- Investment Focus Areas: Consumer sector, branded consumer products, services.
- Notable Investments: Vitamin Water, Popchips, Planet Fitness.
- Canada Pension Plan Investment Board (CPP Investments)
- Details: CPP Investments is the investment arm of the Canada Pension Plan. It manages the funds of the Canada Pension Plan to ensure long-term sustainability.
- Investment Focus Areas: Diverse global investments, including public equities, private equities, real estate, infrastructure, and fixed income.
- Notable Investments: Alibaba, Enbridge, Glencore.
- BlackRock
- Details: BlackRock is a global investment management corporation. It offers a wide range of investment and technology services to institutional and retail clients worldwide.
- Investment Focus Areas: Broad investment across various asset classes, including equities, fixed income, real estate, and alternatives.
- Notable Investments: Apple, Microsoft, Amazon.
What's Next for Scopely?
Scopely's future is brimming with opportunities, driven by its strategy of expanding its mobile gaming portfolio through mergers and acquisitions. With a recent $340 million Series E funding round, the company is well-positioned to partner with like-minded teams and creators, furthering its reach in the interactive entertainment space. The potential for growth is substantial, as Scopely continues to innovate across multiple game genres and platforms.
As Scopely eyes an initial public offering, the influx of capital from institutional investors underscores the company's strong market position. This financial backing will likely fuel further acquisitions and technological advancements, enhancing user experiences and expanding its global footprint. However, the path ahead is not without challenges. Integrating acquired companies, maintaining profitability, and staying ahead in a competitive industry will require strategic foresight and robust execution.
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