INSUBCONTINENT EXCLUSIVE:
values the company at a whopping $1.7 billion.Scopely said it would use the capital to continue its strategy of developing and acquiring
new games as it looks to continue its run of six consecutive mobile games that will gross $100 million or more in lifetime revenue.The new
Game Studios.Indeed, part of the reason for the financing is to accelerate the pace of its acquisitions and investments into new game
company has amassed increasingly larger rounds over the past three years on a nearly annual basis
The company raised a $55 million round of financing in 2016, $60 million in 2017 and $100 million in 2018.For investors, what makes the
company compelling (beyond its string of successful games) is the technology platform that undergirds its popular mobile gaming titles
founder and managing partner of NewView Capital .NewView, a growth-stage venture capital firm spun out of the multibillion-dollar investment
of a portfolio of investments that NewView took over when it spun off from NEA.For Scopely, the latest capital infusion is just more money
in the bank to invest in or acquire budding game studios and give them access to the technology stack that has made Scopely so compelling,
convinced NewView and investors like the Canadian Pension Plan Investment Board to commit capital as part of this latest round.Scopely has
already made a few select minority investments in gaming studios, and with the new cash, Driver hopes to roll up more independent game
Not $1.4 billion as originally reported.
