Tripledot Studios raises $116M for mobile games
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Tripledot Studios has raised $116 million in its ambition to be the next giant company in mobile games.
The financing round led by 20VC gives London-based casual game maker Tripledot a valuation of $1.4 billion. The company aims to use the money to build its portfolio of games and pursue acquisitions.
Tripledot already reaches more than 25 million people every month with hit games including Woodoku and Solitaire. The company tripled its revenues in 2021, said Lior Shiff, CEO, in an interview with GamesBeat. The company focuses on data-driven decision-making to create chart-topping titles targeted at players over 30.
Other investors include Access Industries, Lightspeed Venture Partners, and Eldridge. The deal comes just ten months following the company’s first round.
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Shiff founded Tripledot in London in 2017 along with game veterans Akin Babayigit and Eyal Chameides. Shiff was previously founder of social casino game maker Product Madness in 2007, and he sold it to Aristocrat Leisure in 2012 and stayed on for a few years to run the business for Aristocrat, which remains a leader in social casino games. Babayigit previously worked at Peak Games and King. The leaders have decades of experience in games.
“So far, things are going quite well for us,” Schiff said. “We have a unique company that has been able to get and retain a really accessible audience and move super fast. The reason we’ve been doing well is that we were very fortunate to have just a world-class team, across categories of games, from product, tech, testing, and art. We build the technology and the teams that can execute very
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