Financing led by NewView Capital with participation from CPPIB, Baillie Gifford and returning investors Greycroft Partners, Revolution Growth and Sands Capital Ventures

LOS ANGELES– (BUSINESS WIRE) -Scopely, a leading company in the fast-growing mobile games space, announced today at $ 200 million Series D financing round led by NewView Capital, with participation from Canada Pension Plan Investment Board (CPPIB) and Baillie Gifford, among others, along with existing investors, including Greycroft Partners, Revolution Growth and Sands Capital Ventures. As a profitable and growing business, Scopely will use this strategic financing to accelerate the company's M&A and investment strategy, expanding its already diverse portfolio of games across new genres and IP.

The investment round follows the achievement of more than $ XNX billion in lifetime revenue this past summer alongside the number of recent milestones that have more than doubled Scopely's valuation in just one year. At the end of 1, the company added two new games to its highly different portfolios Looney Tunes ™ World of Mayhem and Star Trek ™ Fleet Command, which was created with the recently acquired DIGIT Game Studios and is now Scopely's fastest-growing title ever.

"With our business continuing to scale and the durability of our flagship properties, we are more bullish than ever on further expanding our portfolio through M&A. This funding round adds the financial support to pursue large-scale acquisition opportunities, ”said Walter Driver, Scopely Co-CEO. Javier Ferreira, Scopely Co-CEO added, "Continued interest in our business is the great strength of Scopely. "We plan to continue to create and deliver the best experiences in the lives of people - now even greater scale."

Mobile gaming is now the biggest and fastest growing category in interactive entertainment, generating more than the worldwide box office. And, as one of the fastest-growing mobile gaming publishers in North America, it has been consistently delivering top-grossing franchises across multiple categories.

"Said the emblematic of the rise of interactive entertainment and we have seen first hand the team's ability to repeatedly and successfully launch and sustain mobile products, which are complex live businesses, ”said Ravi Viswanathan, Managing Partner of NewView Capital. "Scopely's coupled with their strategic partnerships and track records are unmatched in the western world and we are thrilled to deepen our relationship to support their next phase of growth. "

Greycroft Partner Mark Terbeek added, "We have long been supporters of our initial seed investment and we continue to be incredibly impressed by their momentum. The company is proud to have promoted its participation in the business. "

Scopely creates, publishes and live operates mobile products for worldwide audiences - digital delivering, direct-by-consumer experiences of both original and beloved entertainment brands.

About Scopely

Scopely is a global interactive entertainment and mobile games company, home to many top-grossing, award-winning franchises including Star Trek ™ Fleet Command, Looney Tunes ™ World of Mayhem, WWE Champions 2019, The Walking Dead: Road To Survival ™, YAHTZEE® With Buddies and Wheel of Fortune®: Free Play, among others. Scopely creates immersive games that empower to directed-by-consumer experience. Founded in 2011, Scopely is fueled by a world-class team and proprietary technology that supports one of the most diversified portfolios in the West. Recognized in Fast Company'' World's Most Innovative Companies' and #2 on Deloitte's' Fast Technology 500 'as one of the fastest-growing companies in North America, Scopely has achieved more than $ 1 billion in lifetime revenue by creating long-lasting game experiences. Scopely has global operations in Los Angeles, Barcelona, ​​Tokyo and Dublin (DIGIT Games Studios), with additional studios in seven countries across four continents. For more information, visit www.scopely.com.

About NewView Capital

NewView Capital is a firm based venture in Burlingame, California. In 2018, NewView Capital spun out of New Enterprise Associates (NEA) and has developed a new model in venture capital to drive sustainable growth for entrepreneurs, venture capital firms, and limited partners in this changing venture landscape. For more information, visit www.newviewcap.com.

Contacts

Lauren Asher
Sunshine Sachs
scopely@sunshinesachs.com

Brittany Geldmacher
Scopely
bgeldmacher@scopely.com

Source BUSINESS WIRE