What Company Is Offering:
WildTangent is the fastest growing online game property in the world with 11.5 million unique monthly gamers (comScore July 2007) offering hundreds of the most popular online and downloadable games from the world's top developers and publishers including its own WildStudios which publishes Polar Bowler, Penguins, Fate and many more.
The WildTangent Games Console ships directly on the desktops of leading PC manufacturers including Dell, HP, Gateway and Toshiba, representing more than 25 million new consumer PCs annually in North America. Gamers of all ages and demographics play more than 250 million game sessions a month across the WildTangent game network.
How Much They Got From VCs:
WildTangent Inc., a Redmond, Wash.-based online gaming network, has raised $20 million in venture debt funding from Hercules Technology Growth Capital. The company previously has raised $67 million in VC funding since 1999, from firms like Advanced Technology Ventures, ATI, CIBC Capital Partners, Grelock, IDG Ventures, Madrona Venture Group, Millennium Technology Ventures, New Millennium Partners, Sony Corp. and Washington Mutual.
What VCs Says About Company:
The casual gaming market is growing exponentially, and WildTangent has proven to be a key player," said Sam Bhaumik, senior managing director and group head of technology at Hercules. "WildTangent is a leader in developing new and exciting business models in the online games space," Bhaumik said. "They have invented an industry-leading platform that provides unparalleled opportunities for marketers to appeal to gamers, while enhancing and adding value to the overall gaming experience
About VCs:
Hercules Technology Growth Capital, Inc. is a NASDAQ traded specialty finance company providing debt and equity growth capital to technology and life science companies at all stages of development. Founded in December 2003, the company primarily finances privately held companies backed by leading venture capital and private equity firms. Hercules invests in a broad range of ventures active in technology and life science industries and offers a full suite of growth capital products up and down the capital structure. The company is headquartered in Palo Alto, Calif. and has additional offices in the Boston, Boulder, Los Angeles and Chicago areas. Providing capital to publicly-traded or privately-held companies backed by leading venture capital and private equity firms involves a high degree of credit risk and may result in potential losses of capital. For more www.HTGC.com.
More at:http://www.wildtangent.com/
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