Scopely Raises $340M in Debt

Scopely has successfully raised $340M in a Debt led by TPG Capital.

Company Overview

Scopely is a Gaming company headquartered in Culver City, CA, founded in 2011 with 1000+ employees.

Mobile games developer

Fundraising Details

Amount Raised: $340M
Round Type: Debt
Date: 2024-04-18
Investors: TPG Capital

About Scopely

Mobile games developer The company is positioned in the Gaming sector, serving a growing market with innovative solutions.

Key Information

Headquarters: Culver City, CA
Founded: 2011
Team Size: 1000+
Industry: Gaming

What This Means

This funding round demonstrates strong investor confidence in Scopely's vision and execution. The capital will likely be used to:

Scale Operations: Expand the team and operational capacity
Product Development: Enhance existing products and develop new features
Market Expansion: Enter new markets and strengthen presence in existing ones
Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The Gaming sector continues to attract significant investment as companies innovate to meet evolving market demands. Scopely's successful fundraising reflects the strong fundamentals and growth potential in this space.

Looking Ahead

With this new capital, Scopely is well-positioned to execute on its growth strategy and continue building innovative solutions in the Gaming space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-04-18. For more information about Scopely, visit their headquarters at Culver City, CA.