We were bursting with pride to see our client Tripledot Studios named the number one fastest growing company in Europe by the Financial Times.
The mobile gaming company recently boasted over 50 million monthly active users, generating approximately $1m of revenue per day. Howard Watt, partner in our corporate team, has advised Tripledot since incorporation in 2016, helping the founders set up the capital structure ahead of their first fundraising in November 2018 - an $8m seed round led by Velo Partners.
From there, Tripledot raised an eye-watering $68m in a Series A funding round led by Access Industries, Eldridge Industries and Lightspeed Venture Partners in April 2021. The company's upwards trajectory became even more pronounced when that round was followed less than a year later by a whopping $116m Series B in February 2022 - a round which valued the company at $1.4 billion and was led by 20VC (Harry Stebbings).
Alongside the fundraisings, Tripledot recently called upon Fladgate's tier 1 expertise in M&A for its cross-border acquisition of mobile entertainment firm Live Play Mobile, and regularly works with our specialists in IP, data protection, commercial contracts and employment as it continues its remarkable journey.
Akin Babayigit, Co-Founder and Chief Operating Officer of Tripledot commented (in feedback we couldn't be prouder to receive): "I can't put into words how much we owe Howard and the team at Fladgate. Ever since our inception, we have been working extremely closely with Howard, and we owe him so much. Simply put, he is the best legal professional we have had the chance to work with. He is ridiculously smart, exceptionally savvy, super personable, extremely punctual and very commercially minded. It makes such a big difference to have such a trusted adviser (and honestly an incredible friend) by your side."
Howard commented: "It is immensely rewarding to support not just this absolute rocket ship of a company, but also such incredible founders in Lior Shiff, Akin Babayigit and Eyal Chameides. We've been through an unbelievable amount together in the last six plus years and it's an honour to support them, to count them as true friends and just to regularly be in their orbit as Tripledot goes from strength to strength."
All of us at Fladgate are committed to assisting Tripledot Studios in all that it wishes to achieve.
