06 December 2019:
Wildlife Studios has raised $60 million in Series A round of funding. The funding round was led by Benchmark. The round values the company at $1.3 billion.
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) also participated in the funding round.
The company will use the fresh capital to accelerate talent acquisition, further enhance game quality, as well as support new developers to bring games to market.
Victor Lazarte, Co-founder and CEO, Wildlife Studios, said, “Benchmark’s partnership will help us further our mission of entertaining billions of players around the world. 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.”
Peter Fenton, General Partner at Benchmark., said, “Wildlife Studios’ is well-positioned to take more than its fair share of the mobile gaming market. The team is incredible, and they have the ambition, creativity and grit it takes to capture and scale a global user-base.”
Brian Feinstein, Partner at Bessemer Venture Partners, said, “When we first invested in Wildlife Studios, we bought into Arthur and Victor’s compelling vision of developing and launching blockbuster games for the fast-growing mobile market. It’s been an exciting journey to see Wildlife evolve from a small studio with a single hit game to a global gaming studio with 60 successful titles.”
(Image – Wildlife Studios)