Wildlife Studios has successfully raised $180 million over two funding rounds, achieving a valuation of $3 billion. The company is a major player in the mobile gaming industry, offering a diverse portfolio of popular games.
Keep reading to explore the intricacies of Wildlife Studios' fundraising journey and the investors backing this innovative platform.
What Is Wildlife Studios?
Wildlife Studios, founded in Brazil in 2011, is a leading mobile gaming company with a global presence. The company has offices in the United States, Brazil, Argentina, and Ireland.
With a portfolio of over 70 games, Wildlife Studios engages billions of players worldwide. The company aims to create memorable and shareable gaming experiences.
Wildlife Studios employs between 501 and 1000 people, contributing to its status as one of the 10 largest mobile gaming companies globally.
How Much Funding Has Wildlife Studios Raised?
- Series A Funding Round
- Amount Raised: $60 million
- Date: December 6, 2019
- Lead Investors: Benchmark
- Valuation at Round: $1.3 billion
- Motivation Behind the Round: To accelerate talent acquisition, enhance game quality, and support new developers to bring games to market.
- Series B Funding Round
- Amount Raised: $120 million
- Date: August 14, 2020
- Lead Investors: Vulcan Capital
- Valuation at Round: Nearly $3 billion
- Motivation Behind the Round: To grow existing titles, accelerate new game development, build infrastructure for future mobile games, and invest in talent.
Wildlife Studios has raised a total of $180 million in funding, with a current valuation of nearly $3 billion.
Key Investors
- Vulcan Capital
- Details: Vulcan Capital is a private equity firm founded by Microsoft co-founder Paul Allen. It invests in a variety of sectors including technology, life sciences, and media.
- Investment Focus Areas: Technology, life sciences, media
- Notable Investments: Charter Communications, DreamWorks Animation, Redfin
- Human Capital
- Details: Human Capital is a venture capital firm that focuses on investing in technology companies and supporting them with talent acquisition and development. The firm aims to help startups scale by providing both capital and human resources.
- Investment Focus Areas: Technology, talent acquisition, development
- Notable Investments: Brex, Anduril, Snowflake
- Benchmark
- Details: Benchmark is a San Francisco-based venture capital firm known for its early-stage investments in technology startups. The firm has a history of backing successful companies that have gone on to become industry leaders.
- Investment Focus Areas: Technology startups, early-stage companies
- Notable Investments: Uber, Twitter, Snapchat
- Bessemer Venture Partners
- Details: Bessemer Venture Partners is a global venture capital firm with a strong track record of investing in various sectors. The firm has been involved in numerous successful exits and IPOs.
- Investment Focus Areas: Technology, healthcare, financial services
- Notable Investments: LinkedIn, Shopify, Pinterest
- Javier Olivan
- Details: Javier Olivan is the Vice President of Growth at Facebook, where he has played a key role in expanding the platform's user base. He is known for his expertise in growth strategies and technology.
- Investment Focus Areas: Growth, technology, social media
- Notable Investments: Facebook (internal growth projects)
What's Next for Wildlife Studios?
Wildlife Studios is poised to capitalize on the burgeoning mobile gaming market by expanding its existing game titles and developing new ones. With a $120 million Series B financing round led by Vulcan Capital, the company plans to invest up to $200 million over the next two years to build infrastructure and attract top talent. This strategic move positions Wildlife Studios to become a leading platform for game developers globally.
Future fundraising opportunities seem promising as the company continues to grow and innovate. However, challenges such as intense competition and the need to maintain high-quality game experiences could pose hurdles. Navigating these obstacles will be crucial for Wildlife Studios as it aims to scale its operations and solidify its market presence.
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