Tripledot Studios has raised $116 million with the ambition of becoming a giant in the mobile gaming space.
A funding round led by 20VC has given casual game maker Tripledot a $1.4 billion valuation. Other investors include Access Industries, Lightspeed Venture Partners and Eldridge. The company aims to use the money to build mobile games and pursue acquisitions.
Tripledot reaches over 25 million people every month with hit games including Woodoku and Solitaire. The company tripled revenue by 2021, Lior Shiff, CEO, said in an interview. The company focuses on data-driven decision-making to create chart-topping titles that target players over the age of 30.
Shiff founded Tripledot in London in 2017 with former employees Akin Babayigit and Eyal Chameides. Shiff previously founded social media game maker Product Madness in 2007, and he sold it to Aristocrat Leisure in 2012 and stayed for several years to run the business for Aristocrat, the company. Still leading the way in social media games. Babayigit previously worked at Peak Games and King.
“So far, things are going pretty well for us,” Schiff said. “We have a unique company that can attract and retain players that are really accessible and grow super fast. The reason for doing so well is that we’ve been very fortunate to have a world-class team, across game categories, from product, to technology, to testing.”
Babayigit, CEO, said in an interview that the company has launched four titles this year. He said the company is taking advantage of the fact that the game is experiencing historic growth and investors have taken notice by backing more game companies.
Tripledot has grown rapidly and has 200 employees worldwide. The mobile game maker aims to be a leader in creating engaging casual games for a long time.
So far, the company has launched 10 games and is scaling up 4 of them. The games that are doing the best are Solitaire and Woodoku.