Scopely, a Los Angeles, CA-based mobile entertainment network dedicated to offering games across different genres, closed a $35m Series A financing round.
The round was led by Evolution Media Partners, a joint venture with TPG Growth, Participant Media, Evolution Media Capital and Highland Capital Partners, with participation from former AT&T CEO David Dorman’s Knoll Ventures and existing investors Greycroft, The Chernin Group, Sands Capital Ventures and Double M Capital. In conjunction with the funding, Rick Hess, Co-Founder and Co-Managing Partner of EMC and Evolution, and Andy Hunt, Partner, Highland Capital Partners and Co-Founder of Warby Parker, will join Scopely’s Board of Directors.
The company intends to use the funds to expand and diversify its lineup of mobile game titles across original entertainment properties.
Founded in 2011 by CEO Walter Driver, Chief Strategy Officer Eytan Elbaz, Ankur Bulsara and Eric Futoran, Scopely is a premier mobile entertainment network dedicated to offering games across all genres. The company blends in-house development with hand-picked third party developers and intellectual properties to build out a catalog of franchises to mobile free-to-play games. Its games leverage its proprietary platform for technology, distribution, marketing and monetization with a team of 100 + engineers, data scientists and product managers.