Report: The Walking Dead: Road to Survival developer Scopely looking to raise another $125 million

Scopely has reportedly eyeing up a new $124.5 million funding round which would value the developer at around $795 million.

The report comes from financials data firm PitchBook, which supposedly acquired a document outlining the developer's plans. There is no information on potential investors or a date when the deal will close.

It's not entirely unreasonable for Scopely to be looking for further investment. It closed a Series A funding round worth $35 million back in November 2014, followed by a $55 million round in July 2016.

Growing in scope

The company then closed another funding round worth $60 million in June 2017. It has only been around seven months since that round closed, so the new deal may be done a few months down the line if it follows previous trends.

Scopely is reportedly looking to expand its business with a new studio in Barcelona. The new location is planned to employ as many as 60 staff by the end of 2018.

While the developer has had a string of successful games, including The Walking Dead: Road to Survival and WWE Champions, it has experienced the odd failure. Its game Breaking Bad: Empire Business was canned prior to its full launch, 19 months after it was first soft-launched.