Scopely, the US-headquartered mobile game publisher backed by media group Advance, game producer Take-Two Interactive and over-the-top media company Chernin Group, secured $340m in series E funding today.
Wellington Management, NewView Capital, TSG Consumer Partners, Canada Pension Plan Investment Board’s CPP Investments subsidiary, D1 Capital Partners, Battery Ventures, Eldridge and funds managed by BlackRock were all among the investors.
Moore Strategic Ventures, Declaration Partners, Greycroft, Baillie Gifford, Sands Capital, Revolution Growth and Highland Capital Partners filled out the participants in the round, which valued the company at $3.3bn, a source close to the matter told VentureBeat.
Founded in 2011, Scopely specialises in licensed games, having produced mobile game tie-ins to properties such as Marvel, Star Trek The Walking Dead, the WWE and Looney Tunes. It will use the cash for strategic acquisitions as it looks to expand its line of games.
Walter Driver, co-CEO of Scopely, said: “The companies that have built the deepest relationships with their customers are the ones that are going to win. We are proud to have built Scopely to be a significantly profitable business with a strong balance sheet driven by the success of each game in our diverse portfolio.
“With this new capital from strategic investors who deeply understand the potential of our business within the fast-growing interactive entertainment space, we are armed to make transformative moves that will further accelerate our growth trajectory and drive the industry forward.”
The company closed its series D round at $400m in March this year when Advance and Chernin Group added $200m in a second tranche valuing it at $1.9bn.
The first close had been led by NewView Capital and backed by Baillie Gifford, Greycroft Partners, Canada Pension Plan Investment Board, Revolution Growth and Sands Capital.
Chernin Group had joined Anthem Venture Partners, Greycroft, New Enterprise Associates and various individuals to provide $8.5m in seed capital for the company in 2012.
Evolution Media Partners co-led Scopely’s $35m series A round two years later with Highland Capital Partners, investing with Chernin Group, Knoll Ventures, Greycroft Partners, Sands Capital and Double M Capital.
Scopely completed a $55m series B round in 2016 that was led by venture capital firm Greycroft Partners’ Growth Fund and backed by Take-Two Interactive, Evolution Media Partners, Highland Capital, Sands Capital and Elephant Partners.
Revolution Growth, Sands Capital, Greenspring Associates, Cross Creek Advisors and Pritzker Group Venture Capital added $60m in series C funding the following year.
