London-based Tripledot raised $78M led by Lightspeed Venture

Tripledot studio, a mobile game studio situated in London, has successfully raised $78 million. These funds came from companies like Lightspeed Venture Partners, Eldridge, and Access Industries. This company was founded in 2017 by Eyal Chameids, Akin Babayigit, and Lion Shiff.

This company has a user base of 11 million, and it has more than 90 employees. The company’s employees come from Facebook, Peak Games, Product Madness, and King.

Babayigit, the company’s Chief Operating Officer, mentioned that this company is trying to build an Apollo program of mobile games for which they are recruiting the best talent in the field.

This company mentioned itself as the Apollo program of mobile games because, as they are also bringing together the best talent and data-driven approach for games.

Tripledot has a different range of games, such as Solitaire, Blackjack, Woodoku, and others, which are highly famous.

One of the main features of this company is that it develops games that have longer retention and can be marketed to many customers.

Their first phase of games is evergreen, and the company will continue to develop such games in the future.

They are also using a few things that are monetized through in-house purchases. According to Quetta Mobile Intelligence, mobile applications lose 80% of users who are active within three to seven days. However, this company has grown its range of products due to its command of data. The company’s chief product officer, Chameides, mentioned that data is the central point for the company as it is used for user acquisition, product management, data science and many other purposes.

This company got funding of  $10 million in April 2018 from a company named Velo Partners.

Shiff mentioned that the company’s primary goal is to acquire other studios where they can add value. This company has a unique skill set in product know-how, data science, monetization, and user acquisition, along with their deep networks of many organizations, enabling them to get access to off-market deals.

This funding helped the company get in touch with many investors who will ensure the company’s future growth.

This company is looking forward to partnering with studios willing to use the expertise of Tripledot. The management is confident that Tripledot can help companies scale up both capital and expertise.

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