'Every Time You Solve One Problem, There's Another Three For You': Exploding Kittens' Quest to Stay Ahead of Coronavirus
For Elan Lee, cofounder of the Los Angeles-based tabletop game company Exploding Kittens, signs of trouble began in January.
As the novel coronavirus swept through China during planned factory closures for the annual new year celebration, Lee started hearing ominous rumbles that factories just might not be coming back online. With 200,000 now unfulfilled orders, the creator of the immensely popular, crowdfunded Exploding Kittens game was worried.
"We started noticing in January that we were going to very quickly have to remove our reliance on China to produce anything at all," Lee told dot.LA.
A teenage boy holed up in his basement may be the image most people associate with gamers, but lifelong game-player Jill Wilson thinks the new face may be women on their cell phones looking to release a little stress.
Wilson, the company's founder, is trying to build a new genre called "lifestyle gaming" and she just got a big boost having raised $7 million in an oversubscribed seed round led by LVP along with backers from 1Up Ventures, Alpha Edison, Everblue Management, firstminute Capital, Greycroft Tracker Fund, Hearst Ventures and Third Kind Venture Capital.
"The concept itself is actually a new category of digital entertainment because it's not squarely in mobile gaming and it's not squarely in existing lifestyle content," Wilson said. "It's Pinterest meets mobile gaming."
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.