Walter Driver, CEO and co-founder of Scopely, doesn’t describe his company as a mobile games publisher.
Instead, he says Scopely is a next-generation mobile entertainment network — one that delivers dynamically priced interactive entertainment experiences in a model with the potentially to far exceed traditional Hollywood.
Seven-year-old Scopely is now valued at more than $700 million, after it raised an additional $100 million as part of its Series C round. It announced $60 million in Series C funding in June of 2017, but the round was heavily oversubscribed. The company subsequently raised $100 million from Greenspring Associates, a fund-of-funds that is a limited partner in several venture-capital funds, and Horizons Ventures, the fund of Hong Kong magnates Li Ka Shing and Solina Chau.
With that money in the bank, Scopely is now looking to make acquisitions and investments in game studios and intellectual property to build on its existing network of more than 165 million users,...
Instead, he says Scopely is a next-generation mobile entertainment network — one that delivers dynamically priced interactive entertainment experiences in a model with the potentially to far exceed traditional Hollywood.
Seven-year-old Scopely is now valued at more than $700 million, after it raised an additional $100 million as part of its Series C round. It announced $60 million in Series C funding in June of 2017, but the round was heavily oversubscribed. The company subsequently raised $100 million from Greenspring Associates, a fund-of-funds that is a limited partner in several venture-capital funds, and Horizons Ventures, the fund of Hong Kong magnates Li Ka Shing and Solina Chau.
With that money in the bank, Scopely is now looking to make acquisitions and investments in game studios and intellectual property to build on its existing network of more than 165 million users,...
- 6/19/2018
- by Todd Spangler
- Variety Film + TV
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