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Report: The Walking Dead: Road to Survival developer Scopely looking to raise another $125 million

New funding round could value the company at $795 million

Report: The Walking Dead: Road to Survival developer Scopely looking to raise another $125 million

Scopely has reportedly eyeing up a new $124.5 million funding round which would value the developer at around $795 million.

The report comes from financials data firm PitchBook, which supposedly acquired a document outlining the developer's plans. There is no information on potential investors or a date when the deal will close.

It's not entirely unreasonable for Scopely to be looking for further investment. It closed a Series A funding round worth $35 million back in November 2014, followed by a $55 million round in July 2016.

Growing in scope

The company then closed another funding round worth $60 million in June 2017. It has only been around seven months since that round closed, so the new deal may be done a few months down the line if it follows previous trends.

Scopely is reportedly looking to expand its business with a new studio in Barcelona. The new location is planned to employ as many as 60 staff by the end of 2018.

While the developer has had a string of successful games, including The Walking Dead: Road to Survival and WWE Champions, it has experienced the odd failure. Its game Breaking Bad: Empire Business was canned prior to its full launch, 19 months after it was first soft-launched.


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Ric is the Editor of PocketGamer.biz, having started out as a Staff Writer on the site back in 2015. He received an honourable mention in both the MCV and Develop 30 Under 30 lists in 2016 and refuses to let anyone forget about it.