Scopely just declared that it has raised $60 million in Collection C funding.
The round was led by Revolution Growth, a business led by former AOL executives Steve Scenario and Ted Leonsis (AOL owns TechCrunch), which targets startups outside Silicon Valley and New York. (Scopely is headquartered in Los Angeles.) Revolution’s Donn Davis is signing up for Scopely’s board of directors, when Greenspring, Sands Cash Ventures, Cross Creek Advisors and Pritzker Group Enterprise Cash also participated in the new round.
Scopely has created a platform for selling and monetizing cell online games, no matter whether designed in-household or by 3rd-celebration studios. Its titles include things like The Strolling Lifeless: Street to Survival, Wheel of Fortune Cost-free Enjoy and WWE Champions. The company says it reaches additional than 125 million players, with The Strolling Lifeless on your own making hundreds of millions of dollars in once-a-year profits.
In the funding release, CEO Walter Driver pointed out that it’s been much less than a 12 months since Scopely raised its Collection B, and he explained the company is already financially rewarding. So why increase additional funding?
“This money infusion will enable us to expand the business by way of inorganic means when we go on to execute on our route of natural and organic growth in parallel,” Driver explained. “The prospect to function with the founding group of AOL is really enjoyable for us as they have a prolonged historical past of functioning at the intersection of technological know-how and media.”
Scopely has now raised approximately $a hundred and sixty million in complete funding.
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