UK cellular firm Tripledot Studios has raised $116 million in Sequence B funding to increase its portfolio and pursue acquisitions.
The funding was led by 20VC with participation from Entry Industries, Lightspeed Enterprise Companions, and Eldridge, and values Tripledot at $1.4 billion.
Tripledot is the developer behind informal titles like Woodoku and Phrase Hop. Final 12 months, the corporate raised $78 million to finance studio acquisitions and intends to maintain exploring M&A alternatives.
Commenting on the funding, Tripledot co-founder and COO Akin Babayigit mentioned the corporate will probably be “very lively” on the M&A entrance and outlined plans to proceed increasing its “strong” pipeline of video games.
“We launched 4 titles already this 12 months with rather more to return. We additionally plan to be very lively on the M&A entrance,” mentioned Babayigit in a press launch. “Our experience in person acquisition, monetisation and data-driven product iteration permits us to scale our video games shortly and really profitably. We stay up for bringing this know-how to future acquisitions.”
Tripledot has reportedly tripled its revenues over the previous 12 months and at present reaches over 25 million gamers every month.