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The Culver City, California-based startup, which
was founded in 2011, has delivered a handful of games such as
"Mini Golf MatchUp," which ranked among the top 5 games on Apple
Inc's app charts. Scopely makes its own games and also funds and
publishes games made by other game studios.
The funding round was led by a joint venture comprising the
investment firm TPG Growth that has also invested in
ride-sharing company Uber, investment bank Evolution Media
Capital and entertainment company Participant Media. Take-Two
Interactive Software Inc, known for its popular "Grand Theft
Auto" game, also participated.
"The new infusion will accelerate what we're already doing and
enable us to increase the velocity of development that we're
doing with a number of different studios," Chief Executive
Walter Driver said in an interview.
"We'll be able to compete with the larger companies in the
interactive entertainment space that have significantly more
capital than we have."
Scopely previously raised $8.5 million in 2012. Existing
investors Greycroft Partners, the Chernin Group and Sands
Capital Ventures also invested in the $35 million funding round
along with other new participants venture capital firm Highland
Capital Partners and former AT&T chief executive David Dorman's
Knoll Ventures, the company said.
Scopely doubled its revenue in the last six months after growing
more than 300 percent last year over 2012, Driver said without
providing specific details.
The company, which has 100 employees and recently hired
executives from Disney and video game company Electronic Arts,
will continue hiring new talent, Driver said.
(Reporting by Malathi Nayak; Editing by Gopakumar Warrier)
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