Wednesday, April 5, 2023

Scopely Acquired For $4.9 Billion By Savvy Games Group

Los Angeles-based videogame developer Scopely has been acquired for $4.9 billion by a Saudi Arabian company, Savvy Games Group, in a big exit for the local tech market. Savvy Games Group is owned by the Saudi Arabia Public Investment Fund. Scopely has received funding from a huge list of investors, including Anthem Ventures, Baillie Gifford, Battery Ventures, Canada Pension Plan Investment Board, Collaborative Fund, Cross Creek Advisors, D1 Capital Partners, Declaration Partners, Double M Partners, Eldridge, Elephant Partners, Evolution Media Partners, Felicis Ventures, Greycroft Partners, Highland Capital, Knoll Ventures, Moore Strategic Ventures, New Enterprise Associates, NewView Capital, Pritzker Group, Red Swan Ventures, Revolution Growth, Sands Capital, Take Two Interactive, The Chernin Group, TSG Consumer Partners, and Wellington Management, plus NewView Capital, TSG Consumer Partners, BlackRock, and D1, along with some original seed funding from David Cohen, Gil Elbaz, Dave Tisch, Evan Rifkin, Clark Landry, Terry Semel, Howard Lindzon, Michael Lazerow, Auren Hoffman, Richard Wolpert, Mark Mullen, and Kelly Perdew. The company last raised funding in 2020, raising $340M, and looks to have raised somewhere around $827M over its entire lifetime.