Tilting Point, a publisher of free-to-play games, announced that they had raised $235 million in equity financing.
“With this financing, we plan to expand our operations and aggressively pursue larger M&A opportunities with our top developer partners,” said Segalla. “We are very excited to have premier investors coming aboard our journey.”
General Atlantic led the funding with contributions from Kamerra and Red Ventures. It is the company’s first-ever equity financing round.
“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,” commented President and co-CEO of Tilting Point Samir Agili. “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 plans to invest the money it raised in its future publishing, acquisitions, and partnerships. It will also use some of this investment for development purposes like expanding its workforce and business infrastructure.
Furthermore, Tilting Point is also planning to increase its footprint worldwide and access new platforms as well.
Kevin Segalla, founder, and co-CEO of Tilting Point said the money would enable the company to expand and pursue M&A opportunities.
Established in 2012, Tilting Point is the publisher of several well-received mobile titles such as SpongeBob: Krusty Cook-Off, Star Trek Timelines, Narcos: Cartel Wars, and TerraGenesis.