Culver city-based mobile games company Scopely revealed on Wednesday that it has raised $340 million in Series E funding from a group of investors with experience in interactive entertainment.
The funds, from investors such as Wellington Management, NewView Capital and TSG Consumer Partners, will support the company's continued mergers and acquisitions strategy as well as its expansion into new product categories. "We’re pretty excited about the trajectory of the business, it has grown significantly over the last couple of years," Scopely CEO Walter Driver tellsThe Hollywood Reporter. "We are on track to do over $900 million in bookings this year." He attributes Scopely's growth to the fact that the company focuses on multiple genres in the.
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