Mobile game producer and distributer Scopely has closed a $60 million Series C funding round led by former AOL executives at Washington, D.C.-based Revolution Growth, according to a press release filed Wednesday.
The Culver City-based company announced Revolution Growth Managing Partner Donn Davis will join Scopely’s board. Greenspring, Sands Capital Ventures, Cross Creek Advisors and Pritzker Group Venture Capital also invested in the round.
Scopely completed the round less than a year after its $55 million Series B funding round, bringing its total equity funding to $159 million. The company said it plans to use the funds for strategic investments, commercial partnerships and acquisitions.
“Closing less than 12 months after our Series B financing, Scopely’s new $60 million Series C financing is a great validation of the company’s momentum over the last year and because the company has already reached profitability this capital infusion will enable us to expand the business through inorganic means while we continue to execute on our path of organic growth in parallel,” Walter Driver, chief executive and co-founder of Scopely said in a statement.
The software company has over 125 million players and offers top-grossing games such as “The Walking Dead: Road to Survival” and “Wheel of Fortune Free Play.”
Reporter Natalie Hoberman can be reached at firstname.lastname@example.org. Follow her on Twitter @hobermannatalie.
For reprint and licensing requests for this article, CLICK HERE.
Stories You May Also Be Interested In
- Silicon Beach Report June 15: Scopely Raises $60 Million
- Scopely Closes Series B as Mobile Games Spur Race for Partnerships
- AppOnBoard Closes $15 Million Series B
- Scopely Locks Down $35 Million
- Whisper Raises $36 Million
- Snapchat Seeking More Money
- L.A. County Sees Record VC Funding
- Silicon Beach Report June 14: Mayor Garcetti Announces Youth Tech Jobs Program