General Atlantic, a global growth equity firm, lead a $235 million funding round, with participation from strategic investor Red Ventures and Kamerra, in Tilting Point, a free-to-play games publisher, in the company’s first-ever equity financing.
“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.”
“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 has pioneered the progressive publishing model and has a distinct perspective around game identification, acquisition, development and partnership,” said Anton Levy, co-president and global head of Technology Investing at General Atlantic. “Already a high-growth business, we believe Tilting Point has room to capture additional significant opportunity in the vast mobile gaming market. We look forward to partnering with Kevin and Samir to further accelerate the business’ momentum through continued M&A and international expansion.”
Tilting Point’s recent acquisitions have included mobile games and assets from gambling technology software company Playtech plc, including the San Diego-based FTX Games, as well as LTV technology business Gondola.