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Tripledot raises $116m in Series B funding round

Mobile game developer aims to increase game offerings and M&A operations following last year's studio expansion

Today mobile game developer Tripledot Studios announced that it has raised $116 million in a Series B funding round.

The investment gives the studio at an valuation of over $1.4 billion.

The company said that funding will go towards expanding its game offerings and M&A business operations.

The funding round was led by 20VC with participation from previous investors Access Industries, Lightspeed Venture Partners, and Eldridge.

"The goal is to build a generational, once in a lifetime company", said Tripledot co-founder and chief operation officer Akin Babayigit.

"We have a robust pipeline of games; we launched 4 titles already this year with much more to come. We also plan to be very active on the M&A front. Our expertise in user acquisition, monetisation and data-driven product iteration allows us to scale our games quickly and very profitably."

Last year Tripledot raised $78 million in a Series A funding round and opened a development studio in Barcelona.

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Jeffrey Rousseau

Staff Writer

Jeffrey Rousseau joined GamesIndustry.biz in March 2021. Based in Florida, his work focused on the intersectionality of games and media. He enjoys reading, podcasts, staying informed, and learning how people are tackling issues.