Mobile game maker Scopely hits $1.7bn valuation after fourth funding round

Ben Heathcote

In App Deals. November 3, 2019

Scopely, the mobile game publisher behind Looney Tunes World of Mayhem and Star Trek Fleet Command, has raised a $200 million acquisitions war chest. This is the video game maker’s fourth funding round and values the company at $1.7 billion, having now raised a total of more than $450 million.

The Series D round was led by NewView Capital Management and also included participation from Black Rock, Canada Pension Plan Investment Board and Scottish money manager Baillie Gifford. Existing backers like Greycroft Partners, Revolution Growth, and Sands Capital Ventures also took part.

Walter Driver, co-CEO at Scopely, said:

“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.”

Javier Ferreira, co-CEO, added:

“The continued interest in our business is a great validation of both our momentum this past year and the fundamental strength of Scopely. We plan to continue to create and deliver the very best game experiences that are an important part of people’s lives – now on an even greater scale.”

In late 2018, Scopely expanded its portfolio of games with the addition of Looney Tunes World of Mayhem and Star Trek Fleet Command.

The injection comes after Scopely celebrated more than $1 billion in lifetime revenue this summer. It plans to use the financing to accelerate its M&A and investment strategy, expanding its portfolio of games across new genres and IP.