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L.A.’s Newest Unicorn: Mobile Game Publisher Scopely Raises $200M At $1.7B Valuation

And today it’s announced a $200 million Series D round led by NewView Capital that gives it a valuation of $1.7 billion (joining a small group of Los Angeles-based unicorns).

The round brings Scopely’s total raised since its inception in 2011 to $458.7 million, according to Crunchbase data.

NewView Capital Managing Partner Ravi Viswanathan said Scopely will use its new capital to up its M&A and investment strategy.

According to Viswanathan, it’s produced six games in a row that have reached $100 million in gross revenue, which he said “is pretty astounding.”

“Gaming is a massive market, worth over $130 billion, and mobile gaming is the fastest-growing piece of it, representing about half,” Viswanathan said.

“We decided to lead this round with a much bigger investment,” Viswanathan said.

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