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Venture Capital News: Scopely Closes $8.5M in Seed Funding

2012-09-20
LOS ANGELES, CA, Mobile developer/publisher announced $8.5 million in seed financing. The round includes primary investors Anthem Venture Partners, The Chernin Group, Greycroft Venture Partners and New Enterprise Associates.
Scopely, the mobile developer/publisher founded by AdSense Co-Creator Eytan Elbaz, Walter Driver and Ankur Bulsara, today announced $8.5 million in seed financing. The round includes primary investors Anthem Venture Partners, The Chernin Group, Greycroft Venture Partners and New Enterprise Associates (NEA).

Samit Varma of Anthem Venture Partners said, "We had been tracking the Scopely team for months so we were very interested when we had the opportunity to get involved. As we dug in further, we were really compelled by their differentiated vision of the intersection between social, mobile and games. The team they've assembled and the traction they've seen to date is quite impressive."

Other notable investors participating in the round include: former Yahoo CEO Terry Semel; ShoeDazzle and Honest Company founder Brian Lee; Buddy Media CEO Michael Lazerow; LiveRamp CEO/Rapleaf Chairman Auren Hoffman; Red Swan Ventures; Double M Capital Managing Partner Mark Mullen; Amplify Co-Founder/Accel Venture Partner Richard Wolpert; TechStars CEO David Cohen; TechStars NY Managing Director David Tisch; Burstly CEO Evan Rifkin, Sands Capital, Factual CEO Gil Elbaz and Aydin Senkut's Felicis Ventures.

"We're thrilled to be working with such a distinguished group of investors. We are big proponents of the Los Angeles startup ecosystem so it's great to have investors like Anthem, Greycroft and The Chernin Group who are based in LA and have unique expertise in the digital media space involved," said Walter Driver, co-founder and CEO of Scopely.

Scopely has been operating in stealth mode since last year, quietly amassing an all-star team of 30 engineers, data scientists and product managers. The company will use the additional capital to accelerate growth and expand its product offerings.

Scopely's With Buddies franchise of multiplayer games has grown rapidly to millions of active users. Current With Buddies titles available in the AppStore include: Dice With Buddies and Jewels With Buddies.

About Scopely
Based in Los Angeles, California, Scopely develops and publishes mobile social applications including the With Buddies franchise of multiplayer games. Founded in 2011 by Eytan Elbaz (Applied Semantics, Google), Walter Driver (O Negative Media) and Ankur Bulsara (MySpace), the company has received $8.5 million in seed financing to date. To learn more, please visit http://www.scopely.com.
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