×
You will be redirected back to your article in seconds

Mobile-Game Maker Scopely Raises $55 Million

Scopely, the L.A.-based mobile games developer and network whose titles include “The Walking Dead: Road to Survival,” has closed $55 million in Series B financing.

The funding, which brings Scopely to about $98.5 million raised to date, was led by Greycroft Growth Fund. “Companies are looking at mobile with the recent success of ‘Pokemon Go,’ and realizing the size of the commercial opportunity,” Scopely co-founder and CEO Walter Driver said.

Other investors participating in the round are: video-game publisher Take-Two Interactive; Elephant Partners, a new fund formed by Warby Parker co-founder Andy Hunt and former Highland Capital partner Jeremiah Daly; Evolution Media Partners, a partnership of CAA-backed Evolution Media Capital, TPG Growth and Participant Media; Highland Capital; and Sands Capital Ventures.

The large Series B round “gives us unlimited runway and strategic flexibility,” Driver said. He added that Scopely will be able to be more strategic in how it uses capital to structure more effective partnerships.

Scopely said it will continue to invest in its two top-grossing games released in 2015, “The Walking Dead: Road to Survival,” developed with “Walking Dead” creator Robert Kirkman and his company Skybound Entertainment, and “Yahtzee With Buddies,” developed with Hasbro. “Walking Dead: Road to Survival” has been installed by more than 20 million players to date. Among other games, Scopely also developed “WWE Champions,” a free-to-play mobile puzzle and role-playing game featuring WWE stars.

Driver said Scopely is looking to help Hollywood studios and other entertainment companies leverage intellectual property for mobile games “but not in a disposable way… We want a multiyear experience with our brands, rather than days or weeks.”

With the funding, Greycroft partner Mark Terbeek and Scopely president and COO Javier Ferreira (formerly Disney Interactive senior VP of worldwide publishing) will join the company’s board.

Driver declined to reveal details of Scopley’s financials, but he claimed the privately held firm is now profitable and has grown revenue sixfold in North America over the last two years. Scopely has about 200 employees at its Culver City, Calif., headquarters, with about 500 total across its studio ecosystem worldwide.

“Scopely brings the technology, talent and monetization infrastructure necessary to launch products into massive global business that grow over time,” said Greycroft’s Terbeek in a statement. “We’ve been tracking the company closely for years since our initial seed investment and have been incredibly impressed with the executive team’s ability to realize their vision and create more believers every step of the way.”

The company was founded in 2011 by Driver, a social gaming entrepreneur, along with former Applied Semantics co-founder Eytan Elbaz; Ankur Bulsara, former lead software developer on MySpace’s developer platform; and startup veteran Eric Futoran.

Popular on Variety

More Digital

  • MINDHUNTER

    Netflix's Podcast Slate 'Deepens' Space Around Original Content, Programmers Say

    It should come as no surprise that, in its quest to become a full-blown entertainment ecosystem, Netflix has built a roster of podcast programming to complement its scores or original series and films. The programs recruit top talent and hosts to hang out and talk about the streaming giant’s TV and film content. It’s a [...]

  • Netflix-logo-N-icon

    Netflix Is Testing Human-Curated 'Collections'

    Netflix, a company powered by the strategic use of data, relies on artificial intelligence to suggest new content that its streaming customers are likely to be interested in. Now it’s looking to potentially add a human touch: The company has launched a limited-scale test of “Collections,” a new feature that presents groups of movies and [...]

  • wolves in the walls emmy

    Neil Gaiman VR Experience 'Wolves in the Walls' Wins Primetime Emmy

    “Wolves in the Walls,” the virtual reality (VR) experience based on Neil Gaiman’s children’s book by the same name, has been awarded with a Primetime Emmy for outstanding innovation in interactive media. The experience has been produced by San Francisco-based immersive entertainment startup Fable, which puts a big effort on making the viewer a participating [...]

  • The Void San Francisco

    The Void Teams Up With Sony Pictures for New Location-Based VR Experience

    James Murdoch-backed virtual reality (VR) startup The Void has teamed up with Sony Pictures Virtual reality to produce a new location-based VR experience, according to Curtis Hickman, the startup’s chief creative officer. Hickman revealed the partnership in a conversation with Variety this week, during which he also outlined plans to bring more original IP to [...]

  • US President Donald J. Trump speaks

    Apple Stock Down 4.6% After Trump ‘Orders’ Companies to Leave China

    Apple’s share price was down around 4.6% Friday at the close of the market, to $202.64 per share, after President Trump took to Twitter to “order” U.S. companies to leave China. The slide came amid a market-wide sell-off, with the NASDAQ sliding 3%, and the Dow dropping 623 points. Trump’s edict was a response to [...]

  • Former head of CAA China Peter

    Peter Loehr to Spearhead Asia Expansion of Genies Avatar Venture (EXCLUSIVE)

    Peter Loehr, the former head of CAA in China, and seasoned music executive John Possman have been tapped by digital avatar company Genies to lead its expansion into Asia. The company’s proprietary avatar technology allows users to express ideas, thoughts and feelings in a different way from text, audio and video. Within the app and [...]

More From Our Brands

Access exclusive content