Free-to-play games publisher Tilting Point has raised $235 million in a funding round led by General Atlantic with participation from Red Ventures and Kamerra.
The company plans to use the money to accelerate its “progressive publishing model” by signing more developers in live publishing, co-developing more titles, acquiring more studios, and partnering with developers on “top IP” launches.
“We are ready to take Tilting Point to the next level,” said Kevin Segalla, founder and Co-CEO of Tilting Point. “With this financing, we plan to expand our operations and aggressively pursue larger M&A opportunities with our top developer partners. We are very excited to have premier investors coming aboard our journey.”
Currently having more than 40 developer partners, Tilting Point provides mobile game developers user acquisition budgets to scale their games and if everything goes well it deepens relationships through co-development and M&A.
Recent acquisitions have included mobile games and assets from gambling technology software leader Playtech plc., including the San Diego-based FTX Games, known for publishing Narcos: Cartel Wars, The Walking Dead: Slots and Criminal Minds: The Mobile Game, hit titles Star Trek: Timelines and TerraGenesis, as well as LTV Tech Platform Gondola.
“We have spent years perfecting our innovative model of helping developers grow their games, working with select partners closely and bringing new studios into the Tilting Point family, all without any traditional capital funding,” said Samir Agili, president and Co-CEO of Tilting Point. “This investment will allow us to stretch the Tilting Point platform with stronger amplifiers for our partners, including enhanced expertise, new technologies and even greater UA capital.”
Tilting Point also plans to use the investment to expand its global reach in strategic international markets like China and South Korea. The free-to-play games publisher currently has offices in New York, Seoul, St. Petersburg, San Diego, Miami, Kyiv, and Barcelona.