US-based mobile games producer Scopely closed a $55m series B round yesterday that featured video games publisher Take-Two Interactive and corporate-backed joint venture Evolution Media Partners (EMP).
The round was led by venture capital firm Greycroft Partners’ Growth Fund and also included Elephant Partners, Highland Capital and Sands Capital Ventures.
EMP is a partnership between movie and TV production company Participant Media, private equity fund TPG Growth and Evolution Media Capital, the investment firm affiliated with talent agency Creative Artists Agency.
Founded in 2011, Scopely operates a mobile games platform that distributes both in-house creations and content produced by outside developers based on third-party intellectual property, such as TV show-based The Walking Dead: Road to Survival.
The funding will help Scopely boost its product offering and developer ecosystem. Mark Terbeek, partner at Greycroft, and Javier Ferreira, president and chief operating officer of Scopely, will join the company’s board in conjunction with the round.
Scopely previously raised $35m in a 2014 series A round co-led by EMP and Highland that included media conglomerate Chernin Group, Knoll Ventures, Greycroft, Sands Capital and Double M Capital.
Chernin, Anthem Venture Partners, Greycroft, New Enterprise Associates, Lerer Hippeau Ventures, Red Swan Ventures, Sands Capital and assorted angel investors had already provided $8.5m in seed funding in 2012.