Mobile Gaming Unicorn Scopely Adds $200 Million in Series D Funding

Mobile Gaming Unicorn Scopely Adds $200 Million in Series D Funding

Scopely, the Culver City-based mobile games unicorn, confirmed Wednesday it has raised an additional $200 million in Series D funding, doubling the total round to $400M. The capital comes from Advance, a private family-owned business that invests in a broad range of media and technology companies and The Chernin Group, a consumer-focused investment firm.


"The FoxNext Games acquisition earlier this year further reinforced our commitment to M&A, and the opportunity to partner with these longtime media experts was a welcome addition to further support our strategy, Javier Ferreira, Scopely co-CEO, said in a statement. "With these key partners, we will be able to continue to pursue an even larger and more diverse slate of immersive, dynamic game experiences than we have today. In a time where interactive, social connection and entertainment is more important than ever, we remain committed to delivering rewarding games for all players to enjoy."

The additional financing has been in the works for several months – long before the novel coronavirus was a major concern – and was completed earlier this year. Regulators approved the deal this week.

As a maker of mobile games, Scopely would seem to be well-positioned for the social distancing era, but the company has stopped short of making any such pronouncements, preferring to go with a more restrained tone.

"While under normal circumstances we would celebrate this milestone broadly, our thoughts are focused on the wellbeing of our employees, their families, our players and all of our communities," Ferreira and co-CEO Walter Driver wrote.

An Advance representative will join Scopely's Board of Directors while a TCG representative will now serve as a Board Observer. UBS Investment Bank served as exclusive financial advisor to Advance and Paul Hastings LLP served as its legal advisor.

Founded in 2011, Scopely's mobile game franchise now includes Scrabble® GO, MARVEL Strike Force, Star Trek™ Fleet Command, Looney Tunes™ World of Mayhem, WWE Champions, The Walking Dead: Road To Survival™, YAHTZEE® With Buddies and Wheel of Fortune®: Free Play.

Scopely is currently valued at $1.7 billion, according to Pitchbook data, and has 800 employees.

From Your Site Articles
Related Articles Around the Web
https://twitter.com/thebenbergman
ben@dot.la

Subscribe to our newsletter to catch every headline.

The Santa Monica-based movie-ticketing service Atom Tickets has pre-sold more tickets for "Godzilla vs. Kong" than any film since the start of lockdown.

Following a disastrous year for the box office, its performance could be a litmus test for Hollywood and the many theaters that teetered on the brink during the pandemic.

Read more Show less
Sam Blake

Sam primarily covers entertainment and media for dot.LA. Previously he was Marjorie Deane Fellow at The Economist, where he wrote for the business and finance sections of the print edition. He has also worked at the XPRIZE Foundation, U.S. Government Accountability Office, KCRW, and MLB Advanced Media (now Disney Streaming Services). He holds an MBA from UCLA Anderson, an MPP from UCLA Luskin and a BA in History from University of Michigan. Email him at samblake@dot.LA and find him on Twitter @hisamblake

https://twitter.com/hisamblake
samblake@dot.la

On this week's episode of the L.A. Venture podcast, hear from Chang Xu, partner at Basis Set Ventures, a $140 million fund focused on AI and automation - technology that transforms the way people work.

Read more Show less
Minnie Ingersoll
Minnie Ingersoll is a partner at TenOneTen and host of the LA Venture podcast. Prior to TenOneTen, Minnie was the COO and co-founder of $100M+ Shift.com, an online marketplace for used cars. Minnie started her career as an early product manager at Google. Minnie studied Computer Science at Stanford and has an MBA from HBS. She recently moved back to L.A. after 20+ years in the Bay Area and is excited to be a part of the growing tech ecosystem of Southern California. In her space time, Minnie surfs baby waves and raises baby people.
RELATEDTRENDING