Wildlife Studios Valuation, Funding & Investors
Wildlife Studios is valued at $3B as of August 2020.
Last Wildlife Studios valuation
$3B
Series B · Aug 2020
Last Wildlife Studios funding round
$120M
Series B · Aug 2020
Cumulative funding Wildlife Studios raised
$260M
across 3 funding rounds
Key investors in Wildlife Studios
Bessemer Venture Partners
Benchmark
Human Capital
Vulcan Capital
Bradley Horowitz
Base Partners
About Wildlife Studios
Wildlife Studios is a Brazilian mobile gaming company founded in 2011 by brothers Arthur and Victor Lazarte. It operates a freemium gaming platform that has launched more than 60 titles, including Zooba, Tennis Clash, and Sniper 3D, accumulating over 2 billion downloads and 100 million monthly active users. The company also supports third-party game developers on its platform, alongside its own studio output.
Founded
2011
HQ
BrazilWebsite
Status
Privately held
Customer focus
B2C
Revenue model
Product sales, Advertising
Valuation
$3B (Aug 2020)
Sectors
Wildlife Studios Valuation
Wildlife Studios is currently valued at $3B, based on its Series B in August 2020.
The $120M round was led by Vulcan Capital, with participation from Human Capital.
Wildlife Studios' valuation has grown 2.3x from $1.3B at its Series A in December 2019 to $3B in August 2020, across 2 priced rounds.
Wildlife Studios valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Aug 2020 | Series B | $3B |
| Dec 2019 | Series A | $1.3B |
Wildlife Studios Funding History
Wildlife Studios has raised a total of $260M across 3 funding rounds.
Wildlife Studios' first fundraising round was a $60M Series A in December 2019. The most recent completed round was a $120M Series B in August 2020.
Wildlife Studios funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Aug 2020 | Series B | Vulcan Capital (lead); Human Capital | $120M | $3B | Wildlife Studios is a Brazilian mobile gaming company founded in 2011 that operates a freemium gaming platform. The company had launched over 60 game titles and achieved 2 billion cumulative downloads across its portfolio as of August 2020. Popular titles include Zooba, Tennis Clash, and Sniper 3D. The company reported 100 million monthly active users and 70% year-over-year growth, with operations described as profitable at the time of the funding announcement. On August 14, 2020, Wildlife Studios closed a $120 million Series B financing round led by Vulcan Capital with participation from existing investor Human Capital. The round valued the company at nearly $3 billion post-money, representing significant growth from its Series A valuation of $1.3 billion just eight months earlier in December 2019. This Series B brought the company's total financing to $250 million since inception. CEO Victor Lazarte stated the company planned to invest up to $200 million over the following two years to build infrastructure for mobile gaming, accelerate new game development, attract top talent, and expand its platform positioning to support third-party game developers globally. The Series B round highlighted strong investor confidence in the mobile gaming sector and Wildlife Studios' execution during a period of explosive growth in the industry. |
| Feb 2020 | Series A | Benchmark; Bessemer Venture Partners; Ambridge Capital | $80M | - | - |
| Dec 2019 | Series A | Benchmark (lead); Hugo Barra; Bradley Horowitz; Next Play Ventures; Meyer Malka; Human Capital; Bessemer Venture Partners; GE32 Capital; Divesh Makan; Javier Olivan; Ric Elias; Base Partners | $60M | $1.3B | Wildlife Studios, a Brazilian mobile gaming company founded in 2011 by brothers Arthur and Victor Lazarte, secured a $60 million Series A funding round on December 5-6, 2019, led by Benchmark with participation from Bessemer Venture Partners and angels including Javier Olivan, Meyer Malka, Hugo Barra, Ric Elias, and Divesh Makan, among others matching the query. The round valued the company at $1.3 billion post-money, marking it as Brazil's newest unicorn and the most valuable Brazilian-founded tech company with global reach at the time. Proceeds were earmarked for accelerating global talent acquisition, enhancing game quality, and supporting new developers to bring games to market. The company, formerly known as TFG, had grown to over 500 employees across six offices in four countries including São Paulo, Buenos Aires, Dublin, and U.S. locations like San Francisco and Palo Alto. Wildlife Studios positioned itself as one of the 10 largest game developers worldwide by downloads, having launched more than 60 titles since inception, with hits like Sniper 3D, War Machines, Colorfy, Tennis Clash, and Zooba. It reported over one billion players worldwide and expected to reach 2 billion mobile game downloads by the end of 2019, operating on a freemium model where users play for free but purchase in-game items to progress. Tennis Clash ranked in the top ten most downloaded games in over 100 countries with 300,000 daily downloads, while Zooba was the fifth most downloaded in the U.S. shortly after launch. Investors like Benchmark's Peter Fenton highlighted Wildlife's positioning to capture significant mobile gaming market share, and Bessemer, an early 2012 investor, noted its evolution from a single-hit studio to a global entity with 60 successful titles. This unusually large Series A for Brazil underscored growing U.S. and global investor interest in Latin American startups. |
Who has invested in Wildlife Studios?
14 investors have backed Wildlife Studios across its funding rounds, including Bessemer Venture Partners, Benchmark, Human Capital, Vulcan Capital, Bradley Horowitz and Base Partners.
Lead investors include Vulcan Capital and Benchmark.
Wildlife Studios Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
 San Francisco, CA | 2 | Lead | Dec 2019 | |
| San Francisco, CA | 2 | Participant | Dec 2019 | |
| San Francisco, CA | 2 | Participant | Dec 2019 | |
![](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>){kind=small} Hugo Barra | San Francisco, CA | 1 | Participant | Dec 2019 |
| San Francisco, CA | 1 | Participant | Dec 2019 | |
| San Francisco, CA | 1 | Participant | Dec 2019 | |
| Meyer Malka | San Francisco, CA | 1 | Participant | Dec 2019 |
| São Paulo | 1 | Participant | Dec 2019 | |
| Seattle, WA | 1 | Lead | Aug 2020 | |
| Divesh Makan | San Francisco, CA | 1 | Participant | Dec 2019 |
| Javier Olivan | San Francisco, CA | 1 | Participant | Dec 2019 |
| Ambridge Capital | San Francisco, CA | 1 | Participant | Feb 2020 |
This data is available for Pro users. Sign up to see all 14 Wildlife Studios investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialWildlife Studios Competitors
Wildlife Studios competitors include listed companies like NCsoft, Koei Tecmo, G-bits and JOYY, and private ones like Lionheart Studio and Games24x7.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 Seongnam | Private | - | - | $3B | - | |
| South Korea | Publicly listed | $1.1B | $368M | $2.9B | 1.1x | |
 India | Private | $173M | - | $2.5B | 14.5x | |
 Japan | Publicly listed | $568M | $300M | $3.7B | 5.4x | |
 China | Publicly listed | $925M | $371M | $3.8B | 3.1x | |
 Singapore | Publicly listed | $2.1B | $160M | $3.9B | 1.1x |
Wildlife Studios Public Comps
Wildlife Studios is still privately-owned, but its public comps include NCsoft, Koei Tecmo, XD, G-bits, JOYY, YOOZOO Games, Netmarble, Embracer Group, Kingsoft and Modern Times Group.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1.1B | $368M | 1.7x | 1.1x | 5.0x | 5.5x | |||
| $568M | $300M | 5.3x | 5.4x | 10.0x | 12.5x | |||
| $859M | $262M | 2.0x | 1.8x | 6.6x | 6.1x | |||
| $925M | $371M | 3.3x | 3.1x | 8.3x | 8.1x | |||
| $2.1B | $160M | 1.2x | 1.1x | 16.3x | 11.2x | |||
| $209M | ($15M) | 9.2x | 9.0x | (126.6x) | 34.0x | |||
| $2.1B | $389M | 1.0x | 1.1x | 5.6x | 6.6x | |||
| $1.6B | $414M | 1.0x | 0.9x | 3.8x | 3.9x | |||
This data is available for Pro users. Sign up to see all Wildlife Studios competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Wildlife Studios
| When was Wildlife Studios founded? | Wildlife Studios was founded in 2011. |
| Where is Wildlife Studios headquartered? | Wildlife Studios is headquartered in Brazil. |
| Is Wildlife Studios publicly listed? | No, Wildlife Studios is a private, VC-backed company. |
| What is Wildlife Studios' valuation? | Wildlife Studios was last valued at $3B in its Series B in August 2020. |
| How much funding has Wildlife Studios raised? | Wildlife Studios has raised $260M across 3 funding rounds. |
| What was Wildlife Studios' last funding round? | Wildlife Studios' last funding round was a $120M Series B in August 2020, led by Vulcan Capital. |
| Who are Wildlife Studios' investors? | Wildlife Studios' investors include Benchmark, Human Capital, Bessemer Venture Partners, Hugo Barra, Bradley Horowitz, Next Play Ventures, Meyer Malka, GE32 Capital, Vulcan Capital, Divesh Makan and 4 others. |
| Which companies are comparable to Wildlife Studios? | Companies comparable to Wildlife Studios include Lionheart Studio, NCsoft, Games24x7, Koei Tecmo, G-bits and JOYY. |
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