Dots Spins Out Of Betaworks With $10M Series A From Tencent, GreyCroft

TechCrunch

Dots, the mobile gaming studio responsible for two dead-simple but beautiful games, is today announcing the close of a $10 million round, as well as the official spinout of Dots as its own company, separate from betaworks.

The series A round is co-led by Greycroft Partners and TenCent, which Dots cofounder and CEO Paul Murphy reminded TechCrunch is the largest gaming company in the world based on revenue. Other investors include Northzone Venture, Crunchfund, and other angels.

“We’ve seen profitability in the last six months, but we look out and see the other big gaming studios and we know we can do better,” said Murphy. “The financing is going to allow us to grow beyond our revenues while the market is growing so rapidly.”

Dots launched as part of an EIR program at betaworks, which is an inexplicable hybrid of startup studio and accelerator, led by John Borthwick. The…

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