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ISSUE – Oct. 29 | Mobile Games Company Scopely Boasts Of ‘Significantly Profitable Business’ As It Raises $340M

Mobile gaming giant Scopely said Wednesday that it has raised $340 million in a Series E funding round. The latest round is widely expected to be its last venture funding before the company—which had a post-money valuation of $1.9 billion following an extension of its Series D fundraising last year—heads to the public markets. Scopely co-CEO Walter Driver said in a statement that the company has a “significantly profitable business with a strong balance sheet.” 

Investors in the Los Angeles-based company’s latest round include Wellington ManagementNewView CapitalTSG Consumer Partners and Canada Pension Plan Investment Board, as well as funds managed by BlackRockD1Battery VenturesEldridgeDeclaration Partners and Moore Strategic Ventures. Also participating in the round were GreycroftBaillie GiffordSands CapitalRevolution Growth and Highland Capital Partners.  [ Crunchbase ]

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