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Total amount raised
$190.1M
Latest funding date
2022-05-09
Location
Wildlife Studios has successfully raised $180 million over two funding rounds, achieving a valuation of $3 billion. The company is a major player in the mobile gaming industry, offering a diverse portfolio of popular games.
What Is Wildlife Studios?
Wildlife Studios, founded in Brazil in 2011, is a leading mobile gaming company with a global presence. The company has offices in the United States, Brazil, Argentina, and Ireland.
With a portfolio of over 70 games, Wildlife Studios engages billions of players worldwide. The company aims to create memorable and shareable gaming experiences.
Wildlife Studios employs between 501 and 1000 people, contributing to its status as one of the 10 largest mobile gaming companies globally.
How Much Funding Has Wildlife Studios Raised?
- Seed Funding Round
- Amount Raised: Undisclosed
- Date: 2012
- Lead Investors: Bessemer Venture Partners
- Motivation Behind the Round: Early-stage capital to support the company's initial growth and game development.
- Series A Funding Round
- Amount Raised: $60 million
- Date: December 6, 2019
- Lead Investors: Benchmark (General Partner Peter Fenton joined the Board of Directors)
- Valuation at Round: $1.3 billion
- Other Participants: Bessemer Venture Partners, Javier Olivan (VP of Growth at Facebook), Ric Elias (co-founder and CEO of Red Ventures), Micky Malka (partner at Ribbit Capital), Divesh Makan (partner at ICONIQ Capital), Hugo Barra (former VP of VR at Facebook)
- Motivation Behind the Round: To accelerate talent acquisition, enhance game quality, and support new developers to bring games to market.
- Series B Funding Round
- Amount Raised: $120 million
- Date: August 14, 2020
- Lead Investors: Vulcan Capital
- Valuation at Round: Nearly $3 billion
- Other Participants: Human Capital
- Motivation Behind the Round: To grow existing titles, accelerate new game development, build infrastructure for future mobile games, and invest in talent.
- Secondary Market Round
- Amount Raised: $10.1 million
- Date: May 9, 2022
- Investors: Upload Ventures, Benchmark, Bessemer Venture Partners
- Lead Investors: Undisclosed
- Motivation Behind the Round: Secondary market transaction involving existing shares.
Wildlife Studios has raised at least $190.1 million in disclosed funding across four rounds (including a 2012 Seed round of undisclosed amount), with a post-Series B valuation of nearly $3 billion. Multiple sources cite the total disclosed primary funding (Seed undisclosed + $60M Series A + $120M Series B) as $250 million to date as stated by the company at the time of the Series B.
Key Investors
- Vulcan Capital
- Details: Vulcan Capital is the multi-billion dollar investment arm of Vulcan Inc., founded by Microsoft co-founder Paul Allen. It invests in a variety of sectors including technology, life sciences, and media. Vulcan Capital led Wildlife Studios' Series B round in 2020.
- Investment Focus Areas: Technology, life sciences, media
- Notable Investments: Charter Communications, DreamWorks Animation, Redfin
- Benchmark
- Details: Benchmark is a San Francisco-based venture capital firm known for its early-stage investments in technology startups. Benchmark led Wildlife Studios' Series A in 2019 with General Partner Peter Fenton joining the Board of Directors.
- Investment Focus Areas: Technology startups, early-stage companies
- Notable Investments: Uber, Twitter, Snapchat
- Bessemer Venture Partners
- Details: Bessemer Venture Partners is a global venture capital firm with a strong track record of investing in various sectors. The firm backed Wildlife Studios from its initial Seed round in 2012 through the 2022 Secondary Market transaction.
- Investment Focus Areas: Technology, healthcare, financial services
- Notable Investments: LinkedIn, Shopify, Pinterest
- Human Capital
- Details: Human Capital is a venture capital firm and talent agency that focuses on investing in technology companies while supporting them with talent acquisition. Human Capital participated in Wildlife Studios' Series B round in 2020.
- Investment Focus Areas: Technology, talent acquisition, development
- Notable Investments: Brex, Anduril, Snowflake
- Javier Olivan
- Details: Javier Olivan is the Vice President of Growth at Facebook, where he has played a key role in expanding the platform's user base. He is known for his expertise in growth strategies and technology and participated in the Series A round.
- Investment Focus Areas: Growth, technology, social media
- Notable Investments: Facebook (internal growth projects)
What's Next for Wildlife Studios?
Wildlife Studios is poised to capitalize on the burgeoning mobile gaming market by expanding its existing game titles and developing new ones. With a $120 million Series B financing round led by Vulcan Capital, the company plans to invest up to $200 million over the next two years to build infrastructure and attract top talent. This strategic move positions Wildlife Studios to become a leading platform for game developers globally.
Future fundraising opportunities seem promising as the company continues to grow and innovate. However, challenges such as intense competition and the need to maintain high-quality game experiences could pose hurdles. Navigating these obstacles will be crucial for Wildlife Studios as it aims to scale its operations and solidify its market presence.
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