SAN FRANCISCO — Mobile gaming company Wildlife Studios has snared a $60 million Series A round of funding led by Benchmark. The round values the company at $1.3 billion, and the company plans to use the funds to accelerate talent acquisition, enhance game quality, as well as support new developers to bring games to market.
Other investors include: Bessemer Venture Partners; Javier Olivan, VP of Growth at Facebook; Ric Elias, co-founder and CEO of Red Ventures; Micky Malka, partner at Ribbit Capital; Divesh Makan, partner at ICONIQ Capital; and Hugo Barra, former VP of VR at Facebook.
Wildlife Studios says it has over one billion players worldwide. It has released over 60 games to date, including hits such as War Machines, Colorfy, Zooba, Tennis Clash and others.
“Benchmark’s partnership will help us further our mission of entertaining billions of players around the world,” said Wildlife Studios Co-founder and CEO Victor Lazarte. “We are increasing our investment in world-class talent and significantly growing our team as we scale our games globally. Benchmark has the track record to help us get there, as well as the culture fit we’re looking for in a partner.”
Tennis Clash is currently ranked in the top ten most downloaded games in over 100 countries, with more than 300,000 downloads per day, and Zooba was the 5th most downloaded game in the US days after launch. Wildlife Studios has launched more than 60 titles since 2011 and expects to reach 2 billion mobile game downloads by the end of 2019.
The mobile gaming industry accounts for more than half of the entire videogame industry and is its fastest-growing segment, generating approximately $70 billion in yearly revenues and growing 26% on average each year.
“Wildlife Studios’ is well-positioned to take more than its fair share of the mobile gaming market,” said Peter Fenton, General Partner at Benchmark. “The team is incredible, and they have the ambition, creativity and grit it takes to capture and scale a global user-base.”
The company is one of the largest game developers in the world with around 500 employees and offices in São Paulo, Buenos Aires, Dublin, San Francisco, Palo Alto, and Orange County. The company says it will expand to over 800 employees by the end of 2020.