Tilting Point, a NYC-based free-to-play games publisher, raised $235m first equity financing.
The round was led by General Atlantic, with participation from strategic investor Red Ventures and Kamerra.
The company will use the funds to sign more developers in live publishing, co-develop more titles, acquire more studios, partner with developers on top IP launches, and continue to expand across geographies, platforms and audiences.
Founded in 2012 and led by Kevin Segalla, Co-CEO, and Samir Agili, president and Co-CEO, Tilting Point is a free-to-play publisher that powers up existing live games using marketing and product expertise, technology and user acquisition skills. Its most successful games include Star Trek Timelines, Warhammer: Chaos & Conquest, and SpongeBob: Krusty Cook-Off. The company has a staff of over 200 people with offices in New York, Barcelona, Boston, Kyiv, Seoul, San Diego, Miami, & St. Petersburg and more than 40 developer partners.
With this new financing, Tilting Point aims to grow in strategic international markets like South Korea and China. The company especially plans to accelerate its M&A strategy. Recent acquisitions have included mobile games and assets from gambling technology software leader Playtech plc., including the San Diego-based FTX Games, known for publishing Narcos: Cartel Wars, The Walking Dead: Slots and Criminal Minds: The Mobile Game, hit titles Star Trek: Timelines and TerraGenesis, as well as LTV Tech Platform Gondola.