Today we are proud to announce another major milestone in the Scopely adventure: Scopely has raised $340M in Series E financing from a group of the world’s most prestigious investors in the interactive entertainment space, nearly doubling our valuation in just under one year.
During a time of rapid growth and increased competition in the mobile games space, Scopely has remained a magnet for some of the world’s leading investors thanks to the hard work, ingenuity, and resourcefulness of our Scopeleans.
As a significantly profitable and growing business, the capital will be used to further accelerate our path to becoming the top mobile games company in the West, supporting our highly effective M&A strategy.
“The companies that have built the deepest relationships with their customers are the ones that are going to win,” said Walter Driver, Scopely Co-CEO. “We’re proud to have built Scopely to be a significantly profitable business with a strong balance sheet driven by the success of each game in our diverse portfolio. With this new capital from strategic investors who deeply understand the potential of our business within the fast-growing interactive entertainment space, we’re armed to make transformative moves that will further accelerate our growth trajectory and drive the industry forward.”
Javier Ferreira, Scopely Co-CEO added, “We are at the cutting edge of an industry that continues to grow and evolve at an exciting pace. Our technology platform, market-leading studio ecosystem, and world-class team have empowered us to build one of the most diversified portfolios in mobile games today and develop deeply rewarding, multiyear relationships with our players. We intend to use our significant resources and this new inflow of capital to partner with like minded teams and creators who want to shape the future of ‘play’ and, together, continue to build a unique company in the gaming space.”
This achievement is a direct validation and acknowledgment of our potential to realize the ambitious goals we’re chasing together as One Scopely.
Thank you to our investors, new and returning, for your support in helping us achieve these goals.
You can read more about this exciting announcement via BusinessWire.