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The
valuation nearly doubled to $3.3 billion, compared with the
valuation after the last round a year ago, according to a source
close to the company.
The latest big funding news comes as the gaming industry overall
benefits from the pandemic which has kept people homebound and
looking for new entertainment sources. According to data firm
PitchBook, $4.3 billion of venture capital funding has been
invested in gaming, including e-sports, globally this year as of
Oct. 26, already exceeding the $2.7 billion invested in all of
2019.
In 2018, the total was $5.9 billion, a record investment year
for the sector.
Javier Ferreira, co-chief executive officer at Scopely, told
Reuters the new funding would be used for more acquisitions and
an expansion into new product categories.
In early 2020, Scopely announced it acquired FoxNext Games Los
Angeles, which is behind the hit “MARVEL Strike Force,” a
story-driven role-playing game. Ferreira said Scopely saw strong
growth for that game as well as games like “Star Trek Fleet
Command” and a new mobile title, “Scrabble GO,” that was
launched in March.
Ferreira expects Scopely’s revenue in 2020 to exceed $900
million, nearly doubling from 2019. Revenue in 2019 was up over
50% from 2018.
(Reporting By Jane Lanhee Lee; Editing by Nick Zieminski)
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