UK gaming sector continues growth with $78m investment in Tripledot Studios.
Rapidly growing mobile games company, Tripledot Studios, has consolidated its position in the UK gaming sector with a $78 million Series A funding round by Eldridge, Access Industries and Lightspeed Venture Partners.
The company, only 4 years old, was founded by industry veterans Lior Shiff, Akin Babayigit and Eyal Chameides. With an active user base of 11 million that has grown from 6 million in mid-2020, the company now has over 90 employees and has reached more than $100 million revenue run-rate at the start of this year.
Based in London and Minsk the company puts data at the heart of what it does. Titles include Solitaire, Woodoku and Blackjack with more games in the pipeline.
Tripledot Chief Games Office, Eyal Chameides, commented:
Gaming has a reputation as a ‘hit-driven industry.’ We think this is a misnomer; it actually is a data-driven industry. Data is at the heart of everything we do, with our focus on user acquisition, monetization, product management and data science. People are very surprised at our ability to scale evergreen products like Solitaire, and this is entirely due to our relentless focus on building a data-driven company.”
A sign of their focus on using data to drive innovation and product development the company is currently advertising for several data scientists to join their team in London. The company is currently capturing more than 10,000 data points per second and uses this to improve both the user experience and drive marketing and sales.