A rapidly growing mobile games company has secured 拢57 million from听global investors.听
Tripledot听Studios, based in London and听Minsk, was founded in 2017听and听has rapidly scaled to strong profitability,听reaching听more than $100m revenue run-rate as of the beginning of 2021.听听
With听an active user base of 11m people, up from听6m听only six months ago,听it听has tripled its employee base in the last 12 months to over 90 employees听and听has been听valued at close to $500m by the Series A听investment.听
Eldridge, Access Industries and Lightspeed Venture Partners听participated in the round.听
Tripledot听has a diverse portfolio of titles such as Solitaire,听Woodoku听and Blackjack, which remain popular far beyond the traditional mobile app lifespan. The company says it听also has several innovative titles in production, which are due to be released later this year.听
鈥淭his funding round is a major milestone for us. It鈥檚 a privilege to partner with leading investors who share our long-term focus and vision to create a truly great business,鈥� said CEO听Lior Shiff.听听
鈥�We will continue building brilliant games ourselves and are excited to rollout the next generation of听Tripledot听titles later this year.听听
鈥�At the same time, the funding round will allow us to accelerate our growth by acquiring studios that can benefit from our expertise.鈥�听
/uk-launches-watchdog-to-counter-big-tech/
Hailing from household names such as Facebook, King, Peak Games and Product Madness – which was founded by Shiff –听Tripledot听Studios听says it听has been built with people and data at the heart of the听company.听听
COO Akin Babayigit added: 鈥淲e want to build the Apollo program of mobile gaming by bringing together the best people in the industry and collectively build the best environment in which to make games.听听
鈥�Our offices in London and Minsk allow us to tap into some of the top pools of gaming talent in the world. This talent and the culture we build around it is our biggest asset.鈥�听
/tech-firms-join-forces-to-revolutionise-the-atomic-clock/
Tripledot听CPO Eyal听Chameides听commented: 鈥淕aming has a reputation as a 鈥榟it-driven industry鈥�.听We think this is a misnomer; it听actually is听a data-driven industry.听听
鈥�Data is at the heart of everything we do, with our focus on user acquisition, monetization, product management and data science.听听
鈥�People are very surprised at our ability to scale evergreen products like Solitaire, and this is entirely due to our relentless focus on building a data-driven company.鈥�听
Eldridge Chairman and CEO Todd听Boehly听said: 鈥淢obile gaming has huge potential for growth and the听Tripledot听team has taken a thoughtful and ambitious approach to scaling the听company.听听
鈥�We look forward to leveraging Eldridge鈥檚 gaming and eSports network to support听Tripledot听as they continue to grow and develop new games for all types of players.鈥�听