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Scopely Raises $55 Million Series B Financing Led by Greycroft Growth FundMobile entertainment network Scopely has closed a $55 million financing round led by Greycroft Growth Fund with participation from Elephant Partners, the new fund of Warby Parker co-founder Andy Hunt and former Highland Capital colleague and partner Jeremiah Daly; Evolution Media Partners, a partnership of CAA-backed Evolution Media Capital, TPG Growth and Participant Media; Highland Capital; Sands Capital Ventures; and Take-Two Interactive. Greycroft Partner Mark Terbeek and Scopely President and COO Javier Ferreira will join the company's board in conjunction with the financing. The sizeable Series B will fuel Scopely's further investment in its product slate and developer ecosystem. The company will continue to invest in its top grossing games The Walking Dead: Road to Survival and YAHTZEE With Buddies. Scopely has been a rising force in the $25 billion mobile games market, growing revenues more than 500 percent over the past 18 months. "We have a differentiated, scalable model in the games industry that can create durable long-term revenue streams across multiple genres," said Walter Driver, CEO and co-founder, Scopely. "Scopely's growth has been driven by our focus on publishing and monetizing products which we can do systematically and sustainably. With Greycroft and our other world class investors, we have the capital and strategic guidance to take our model and leverage it across an even more diverse catalog and audience." The company has released six consecutive No. 1 games, including two new Top 10 Grossing games launched in 2015: YAHTZEE With Buddies, developed in partnership with Hasbro, and The Walking Dead: Road to Survival, with The Walking Dead creator Robert Kirkman and his company Skybound. The Walking Dead: Road to Survival has been installed by more than 20 million players to date. Both titles continue to rank in the Top Grossing charts in both the Apple (News - Alert) App Store and on Google Play. "Scopely brings the technology, talent and monetization infrastructure necessary to launch products INTO massive global business that grow over time. Scopely is at the forefront of the consumer transition from a world of linear entertainment to a world of interactive entertainment," said ark Terbeek, Partner, Greycroft. "We've been tracking the company closely for years since our initial seed investment and have been incredibly impressed with the executive team's ability to realize their vision and create more believers every step of the way." "We're thrilled to be a part of Scopely's continued growth as mobile entertainment takes center stage in media consumption," said Andy Hunt, Warby Parker co-founder and Partner, Elephant Partners. For more information on Scopely, please visit scopely.com.
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