Mobile entertainment developer Scopely is seeking to raise up to $106 million in Series D funding, PitchBook has learned. The funding would value the company at up to $837 million, per a PitchBook estimate, up from the $730 million valuation it reached last year, but it represents a nearly flat round; the pre-money valuation of the new fundraise is $731 million.

Final terms and details of the financing have not been announced and are subject to change. The company did not immediately respond to a request for comment.

Founded in 2011, the Los Angeles-area company is perhaps best known for developing games licensed under the World Wrestling Entertainment, “Star Trek” and “The Walking Dead” franchises, among others. In May, Scopely acquired Dublin-based Digit Game Studios for an undisclosed amount, following a four-year partnership between the two companies to develop a Star Trek branded game.

Scopely has pulled in over $258 million in total VC funding from investors including Greycroft, Greenspring Associates and Sands Capital Ventures. Here’s a look at the company’s fundraising and valuation history, starting with one of its earliest seed rounds, per the PitchBook Platform:

Sept. 2012: $8.5M | $40.5M valuation
Nov. 2014: $35M | $120M
July 2016: $55M | $400M
June 2018: $160M | $730M

Featured imaged via Shacil/iStock/Getty Images Plus

Source link


Please enter your comment!
Please enter your name here