Investment Summary

Revolution and TCG Invest In Scopely

On June 15, 2017, growth capital firm Revolution and private equity firm TCG invested in digital media company Scopely

Investment Highlights
  • This is Revolution’s 1st and TCG’s 2nd transaction in the Digital Media sector.
  • This is Revolution’s 12th and TCG’s 3rd transaction in the United States.
  • This is Revolution’s 3rd and TCG’s 2nd transaction in California.
Investment Fate
  • Scopely was sold to a strategic buyer in 2023 for 4.9B USD.

Investment Summary

Date 2017-06-15
Target Scopely
Sector Digital Media
Investor(s) Revolution
TCG
Deal Type Venture

Target

Scopely

Culver City, California, United States
Scopely is a free-to-play interactive entertainment network. With a network of more than 125 million users, Scopely has built the central monetization and distribution platform to publish genre-defining hit games for casual and core gamers. Scopely was formed in 2011 and is based in Culver City, California.

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Investor(S) 2

DESCRIPTION

Revolution Growth is the growth capital investment arm of Revolution, an investment firm that also pursues seed and venture opportunities. Revolution Growth looks to invest $25 to $50 million in US-based companies looking for a partner to help them scale and expand. Revolution Growth is based in Washington DC.


DEAL STATS #
Overall 12 of 19
Sector: Digital Media M&A 1 of 1
Type: Venture M&A Deals 4 of 10
State: California M&A 3 of 4
Country: United States M&A 12 of 19
Year: 2017 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-01 Uptake

Chicago, Illinois, United States

Uptake is a predictive analytics SaaS platform that delivers solutions in major industries that increase productivity, reliability, and safety. Leveraging partnerships with industry icons, Uptake’s platform aggregates enterprise and external data and applies cross-industry data science to produce high-value, actionable insights. Uptake was founded in 2014 and is based in Chicago, Illinois.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-03 FedBid

Vienna, Virginia, United States

FedBid is a provider of an online reverse auction services, optimizing how businesses, governments and educational institutions buy the goods and services they need. FedBid was founded in 1999 and is based in Vienna, Virginia.

Sell -
Investor
DESCRIPTION

TCG (The Chernin Group) is a private investment firm focused on majority and minority investments in growing consumer businesses. Specific areas of interest include digital media, commerce, marketplaces, sports, gaming, consumer finance, and health/wellness. The Firm is a long-term investor and looks to work alongside companies to help build lasting value. TCG was originally formed in 2010 and is headquartered in Playa Vista, California.


DEAL STATS #
Overall 3 of 16
Sector: Digital Media M&A 2 of 2
Type: Venture M&A Deals 1 of 1
State: California M&A 2 of 9
Country: United States M&A 3 of 16
Year: 2017 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 Action Network

Playa Vista, California, United States

Action Network is a sports media company that provides in-depth betting content, tools, and analytics for sports fans. Action’s media platforms provide an enhanced experience for its users through original sports news content, premium insights, deep menus of odds, and proprietary betting tools and data. Action Network was founded in 2017 and is based in Playa Vista, California.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-02 MeatEater

Bozeman, Montana, United States

MeatEater is an outdoor lifestyle media and commerce company. MeatEater brings together the leading influencers in the categories of fishing, hunting, wild foods, and conservation to create good content and experiences and provide unique apparel and equipment. MeatEater is based in Bozeman, Montana.

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