Digital Chocolate, Inc., a San Mateo, CA-based publisher of mobile and social games that reach mass market consumers across all platforms, has received a received a “multi-million” dollar revolving line of credit from Bridge Bank, National Association, a subsidiary of Bridge Capital Holdings (NASDAQ: BBNK).
The proceeds from the financing wil be used for general corporate purposes.
Commenting on the deal, Trip Hawkins, Founder and CEO of company said: “Bridge Bank will help us grow faster. They have confidence in our performance to date and the strong market position we are building”.Digital Chocolate’s games are available for Apple iPhone, smartphones, Xbox LIVE, the web, and mobile phones in over 80 countries. Recently, the company has launched Facebook games including NanoStar Siege, MMA Pro Fighter, NanoStar Castles, Millionaire City, Safari Kingdom, NanoTowns and Tower Bloxx.
Digital Chocolate, which currently partners with major mobile and media companies including AT&T, Vodafone, Paramount, HBO, Fox, Verizon, Google, Samsung, Nokia, and Sony/Ericsson, operates offices in Bangalore, Helsinki and Barcelona.
FinSMEs
09/06/2010