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Scopely Valued at $1.7 Billion After $200 Million Round, With Mobile Game Company’s Sights Set on M&A

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Scopely is now a unicorn. The privately held free-to-play mobile-games publisher announced a $200 million Series D funding round, bringing it to $458 million raised to date. That more than doubles …

The new funding was led by NewView Capital, founded by former NEA general partner Ravi Viswanathan, with participation from investment firm BlackRock, the Canada Pension Plan Investment Board and and Scottish asset management firm Baillie Gifford. Existing investors Greycroft Partners, Revolution Growth and Sands Capital Ventures also contributed to the round.

“Now we are in a position to really go after companies and studios that can have an impact on what we’re doing,” said Ferreira, who before joining Scopely was SVP of games publishing at Disney Interactive. Scopely is targeting companies “that have demonstrated success in the marketplace” and “can benefit from our expertise.”

Scopely is profitable and is on pace to generate $400 million in revenue in 2019, Ferreira said. This summer, according to the company, Scopely passed $1 billion in lifetime revenue. The latest funding, Ferreira emphasized, “is not for operating purposes. This is about making strategic bets in the game space.”

L.A.-based Scopely was founded in 2011 by co-CEO Walter Driver, a social-gaming entrepreneur, along with former Applied Semantics co-founder Eytan Elbaz; Ankur Bulsara, former lead software developer on MySpace’s developer platform; and startup veteran Eric Futoran.

 

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