London-based makers of mobile games, Tripledot has raised $116 million in a Series B round, now providing the company with a valuation of $1.4 billion.
Slightly different from a traditional raise, rather than being used to fuel core business activities, the $116 million investment provides firepower to aim squarely at a series of forthcoming mergers and acquisitions.
Founded in 2017 by Akin Babayigit (who hails from, and thus continues the lineage of Turkey’s Peak Games), Eyal Chameides, and Lior Shiff, Tripledot has been profitable ever since, and following a $78 million Series A round last April, has now raised a total of $202 million.
Reporting approximately 25 million active monthly users, Tripledot, owes its success to a host of simply constructed puzzle games. However, one of the studio’s differentiators is in the fact that it uses data-driven decision processes to generate titles that are clearly aimed at players over the age of 30. I.e. those that are more likely to pull the trigger when it comes to the monetisation mechanisms.
Tripledot has launched 10 titles, is scaling four of them, and employs a staff of approximately 200, with teams in Barcelona, Minsk, and St. Petersburg, and reports revenues tripling in the past year alone.
Tripledot’s $116 million Series B round was led by Harry Stebbings-founded 20VC, and saw participation from Access Industries, Lightspeed Venture Partners, and Eldridge.
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