Game developer and publisher Scopely has announced it has secured $35 million in a Series A financing round, led by Evolution Media Partners. TPG Growth, Participant Media and Highland Capital Partners (among others) participated in the venture. The mobile entertainment network will use the funding to expand and diversify its lineup of mobile games, which already includes Wordly, Dice with Buddies and more.
Scopely focuses on both in-house development and partnering with third-party developers under its publishing platform. Its business model has resulted in a network of more than 35 million players across all of its games. One recent example saw Scopely enter a long-term partnership with Make it Rain developer Space Inch, which added Make it Rain to the Scopely ad network, and saw Scopely acquire the company’s Disco Bees title.
“Scopely has seen a tremendous acceleration of our business in 2014: we’ve added some of the top talent in the industry, more than doubled our revenue run rate in the past six months and formed partnerships with developers that are capable of delivering tentpole products in multiple genres across a diverse set of original and key licensed properties,” said Scopely co-founder and CEO Walter Driver, in a statement. “Evolution Media Partners and Highland Capital Partners are ideal partners that share our vision and bring unique expertise and relationships that span technology, consumer products and traditional media.”
Alongside this financing, Rick Hess, co-founder and co-managing partner of Evolution Media Partners and Evolution Media Capital, and Andy Hunt, partner at Highland Capital Partners, will join Scopely’s Board of Directors.
“We believe the Scopely model is the future of mobile interactive entertainment,” added Hunt. “Scopely has built a world-class team and platform that will allow new and high-visibility franchises to build groundbreaking mobile games.”
More information on Scopely’s games is available here.