Monday December 4, 2023

Tripledot Raises $78M by Maxing Out Classic Games

  • Mobile games studio Tripledot raised $78 million in a Series A round.
  • Mobile gaming accounts for over half of video game revenue.
Tripledot Studios/Design: Alex Brooks
Copy Link
Link Copied
Link Copied

Investors are betting that you’ll spend more idle moments playing games on your phone.

Mobile gaming company Tripledot Studios raised $78 million in a Series A round led by Lightspeed Venture Partners, Eldridge, and Access Industries. CEO Lior Shiff said that the money would help Tripledot acquire other gaming studios.

Tripledot, founded in 2017, is best known for simple games like solitaire, blackjack, and the Tetris-like Blocks. The company could hit $100 million in revenue in the next 12 months.

Though not always as attention-grabbing as the major console and PC gaming operations, mobile gaming accounts for a large chunk of the industry’s growth.

  • Mobile gaming revenue reached $85 billion globally in 2020 — just over half of total gaming revenues.
  • Mobile games meet people where they are: In 2019, phones surpassed television in how much time people spend on them.
  • The overall video game sector grew 9.3% in 2020 and is expected to reach $200 billion in revenue by 2023.

Tripledot is less concerned with blowing customers away with new concepts, focusing more on understanding and monetizing their users.

“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,” said chief games officer Eyal Chameides.

Copy Link
Link Copied
Link Copied

What to Read


Microsoft Finalizes $69B Acquisition of Activision Blizzard

The company beat numerous antitrust concerns to get the deal done.
Nick Saban highest paid college football head coach.

Who Is Highest-Paid Coach in College Football?

Saban remains atop highest-paid head coaches getting over $11 million annually.
podcast thumbnail mobile
Front Office Sports Today

CFP Selection Turns Heads with Controversial Selection


Featured Today

The College Football Playoff is considering rotating TV networks for the national championship game.

CFP Considers Super Bowl-Like Rotation For National Championship Game

Multiple networks could share rights to the championship game, sources told FOS.
Brett Favre
November 27, 2023

Favre Welfare Case Hold-Up? "AG’s Office Has Not Expressed Interest In Pursuing"

The DOJ interviewed Brett Favre in early 2020.
The future of the Pac-12 rests on a court decision.
November 24, 2023

The Pac-12 Plays Its Final Regular-Season Game. Then A Court Decides Its Fate.

The conference's future rests with a court decision.
Lane Kiffin
November 9, 2023

Ole Miss, Lane Kiffin Lawyers Argue for Dismissal of Player Lawsuit

FOS obtained audio of Lane Kiffin's interaction with the player behind lawsuit.


Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Multiple - USA Careers
Live Nation
Multiple - USA Careers
Saco Bay PT
Multiple - USA Careers
PFL Bellator

PFL Completes Acquisition of Bellator, Readies to Challenge UFC

“Today, the MMA market changed,” PFL Founder Donn Davis said.
CAA logo on side on building
November 13, 2023

CAA Forms Sports-Focused Investment Bank In Continued Expansion Push

Powerhouse agency looks to further expand dealmaking capabilities
November 14, 2023

German Soccer Pushing $1.1B Rights Deal To Private Equity Investors

Governing body mounting third attempt for outside investment

NHL’s Chris Foster on Amplifying Content Distribution With Automation

Learn how the NHL is using WSC Sports to increase fan engagement.
Mercedes-AMG Petronas driver George Russell drives on the track during the Formula One Las Vegas Grand Prix Launch Party at Las Vegas Strip.
November 10, 2023

Ticket, Hotel Prices Plummet As Las Vegas GP Nears

Lack of competitive drama for F1 event fuels market crash
November 9, 2023

McMahon Selling $713M In TKO Stock, CEO Emanuel Could Be A Buyer

Bombshell announcement to bring big changes to company's ownership structure
San Diego Padres shortstop Xander Bogaerts wears the ALS Lou Gehrig Day and Motorola patches during a game against the Chicago Cubs at Petco Park.
November 8, 2023

Major U.S. Sports Leagues Pull In Record $6.7B in Ad Revenue

Major U.S. sports leagues and teams saw big increases in ad revenues.
November 8, 2023

Sports A Bright Spot For Endeavor Amid Ongoing Turbulence

Majority interest in TKO, PBR fuel notable gains for company