Scopely More Than Doubles Footprint With Major Culver City Expansion
The mobile game company has agreed to lease 60,000 square feet of office space in Culver's Platform project.
Scopely is expanding in a big way.
The mobile game company has agreed to lease 60,000 square feet of office space in Culver City, more than doubling its current footprint in the area. The building is an expansion of the currently under construction Platform project from the Runyon Group. Scopely will occupy the entire available office space at the four-story property, floors two through four, while the ground-floor space will be for retail companies.
Scopely has leased its 28,000-square-foot office space in the Hayden Tract area of Culver City since June 2015. Until completion of the new office space, the company will temporarily take 4,000 additional square feet of space in the Samitaur Building. In late 2017, Scopely also expanded to Barcelona, Spain, leasing a 7,000-square-foot office space for its growing international team, which now has more than 75 employees.
The expansion comes on the heels of a major increase in revenue for the company. With two game launches in 2018, Star Trek Fleet Command and Looney Tunes World of Mayhem, Scopely's revenue was up 80 percent year-over-year. Meanwhile, the company also closed its round of Series C funding last year with $160 million aimed for new investments. The company has raised over $250 million in total financing since its formation in 2011.
“We’re excited to expand our L.A. footprint to accommodate our exponential growth,” said Walter Driver, co-founder, chairman and co-CEO of Scopely. “In just the last few years, Scopely has grown revenues 15 times and this beautiful new space will allow us to continue to scale our physical presence to align with our rapidly expanding product portfolio and growing team.”
Culver City is the longtime home of Sony Pictures and in recent years has welcomed tech companies such as SteelHouse and Oracle's DataScience.com, as well as studio spaces like Culver Studios. The Platform first opened in 2016 and is currently undergoing a massive expansion expected to be completed in 2020.
“The biggest entertainment and tech companies have been securing as much space as possible in downtown Culver City," said Jacob Bobek, executive vp at real estate and investment firm CBRE. "The area has become increasingly popular due to its strategic mid-city location and abundance of easily accessible amenities and transportation. The Platform expansion will be a state-of-the-art building that will serve as a fantastic new headquarters for the rapidly expanding Scopely and will allow them to continue to grow the business and team.”