Scopely, a mobile game and entertainment company, has raised $35 million in a Series A round led by Evolution Media Partners and Highland Capital Partners.
The money will go toward building Scopely’s “touchscreen entertainment network” of mobile games. Its player network includes 35 million users. Scopely develops games both internally and through outside developers. Its publishing platform offers tools in product optimization, distribution, player growth and retention, live operations and monetization.
The Culver City company said it doubled its revenue run rate over the past six months.
“We’ve added some of the top talent in the industry … and formed partnerships with developers that are capable of delivering tent pole products,” said Chief Executive Walter Driver in a statement.
Mobile game revenue is far outpacing industry expectations. Game research firm Super Data estimated that mobile games would bring in $21 billion in global revenue this year. Last month, fellow market researcher Newzoo indicated that revenue would be closer to $25 million.
Mobile revenue is expected to overtake console systems’ for the first time next year.
Evolution Media Partners is a joint venture from Evolution Media Capital, TPG Growth and Participant Media. Other participants in the funding round include former AT&T chief executive David Dorman’s Knoll Ventures and existing investors Greycroft Partners, Chernin Group, Sands Capital Ventures and Double M Capital.
With the latest raise, Scopely has secured $44 million in total funding.
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