Join gaming leaders online at GamesBeat Summit Next this upcoming November 9-10. Learn more about what comes next.
Scopely, the maker of the popular mobile game Star Trek: Fleet Command and the acquirer of FoxNext Games, has raised $200 million in additional funding.
The new funding the company’s Series D (fourth round) brings the total raised to $400 million. That amount speaks to the opportunities in the $100 billion mobile game business. The deal recently received approval from the Federal Trade Commission.
“When we first announced our Series D funding late last year, a number of discussions with strategic partners who share our vision for the future of interactive entertainment were ongoing. Today, we are confirming that we have added $200 million in Series D funding from Advance and TCG, bringing total funding for the round to $400 million,” said Walter Driver, co-CEO of Scopely, in a statement.
Scopely said that in a time where staying connected to families and communities is more meaningful than ever, the company is committed to bringing people together around the world. And it will do that through mobile games, such as Scrabble Go and Marvel: Strike Force. The latter is the big hit of FoxNext Games, which Scopely acquired recently.
Webinar
Three top investment pros open up about what it takes to get your video game funded.
Scopely said it runs a profitable business and plans to use the additional capital to further support the company’s acquisition and investment strategy of expanding its portfolio of games across new genres and IP.
Over time, Scopely’s games have generated more than $1 billion in revenues. The company has more than 800 employees and is based in Culver City, California.
GamesBeat
GamesBeat's creed when covering the game industry is "where passion meets business." What does this mean? We want to tell you how the news matters to you -- not just as a decision-maker at a game studio, but also as a fan of games. Whether you read our articles, listen to our podcasts, or watch our videos, GamesBeat will help you learn about the industry and enjoy engaging with it. How will you do that? Membership includes access to:- Newsletters, such as DeanBeat
- The wonderful, educational, and fun speakers at our events
- Networking opportunities
- Special members-only interviews, chats, and "open office" events with GamesBeat staff
- Chatting with community members, GamesBeat staff, and other guests in our Discord
- And maybe even a fun prize or two
- Introductions to like-minded parties
