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Scopely Research 7 months 3 weeks ago #55

  • dsamraj
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Description

Scopely is an LA based startup founded in 2011 [1] by Walter Driver and Ankur Bulsara. Currently Bulsara serves as chief technology officer while Driver and Javier Ferreira serves jointly as CEO. [2] Scopely is a mobile app game development firm that offers games such as: Marvel Strike Force, Scrabble Go, Star Trek Fleet Command, The Walking Dead Road to Survival, WWE champions, Wheel of Fortune Free Play, Yahtzee with buddies, Dice with Buddies, and Looney Toons World of Mayhem, among others. [3]

Competitors

Scopely’s major competitors are Playtika, On Device Research, and 4Info among others. [5]Scopely’s future performance will depend on its ability to produce high quality games that are in demand.

Financials

As o 2019 Scopely had hit $1B in cumulative revenue [6]. Scopely projects to earn $900M in revenue in 2020, a 100% increase from its 2019 numbers. [4]

Potential Regulation

Apart from competition, Scopely also needs to be concerned about potential future regulation. As of 2019, Belgium had already banned “randomized loot boxes”, while the UK had hearings regarding in app purchases. [6] Loot boxes are mystery chests where a user pays a fee to open a box that has some items. Often a user has to open several boxes to get the desired item. [7] The US is considering such regulation due to the fact that minors have access to these games. [6]

Funding

In it’s latest funding round Scopely raised $340M which values Scopely at $3.3B [4], Scopely had many firms participating in this round. Wellington Management and New View Capital led the round with TSG Consumer Partners, CPP investments, BlackRock, D1, Battery Ventures, Eldridge, Declaration Partners, Moore Strategic Partners, Greycroft, Baillie Gifford, Sands Capital, Revolution Growth, and Highland Capital Partners participating in the round. To date, Scopley has had a total cap raise of $990M. [4]

Conclusion

Scopely is at the center of a mobile game market that has grown due to COVID. Whether this market will hold up after the pandemic subsides, is unknown which makes the market highly volatile and thus interesting to watch in the coming year. 

Articles for Further Reading (and in part used to create this post)

[1] (Variety): variety.com/2020/digital/news/scopely-ra...le-games-1234817607/
[2] (Scopely-about): variety.com/2020/digital/news/scopely-ra...le-games-1234817607/
[3] (Scopely-home): scopely.com/games/
[4] (Variety): variety.com/2020/digital/news/scopely-ra...le-games-1234817607/
[5] (Craft): craft.co/scopely/competitors

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Last edit: by dsamraj.

Scopely Research 7 months 3 weeks ago #56

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