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WildTangent Gets $20 Million From Hercules
by Brandon Boyer
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December 6, 2007
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Finance company Hercules Technology Growth Capital has announced that it has given publisher and distributor WildTangent $20 million in debt financing, which the Fate producer says it will use to "create an even richer gaming experience for gamers around the world."
The company's game services have been widely tapped by both web portals and PC hardware manufacturers, including Dell, Toshiba, Gateway, and most recently, Hewlett-Packard. The company says its games reach "over 15 million monthly gamers in the U.S. and Europe with a catalog of more than 450 casual and enthusiast games."
The company's investor base also includes venture-capital companies like Accenture Technology Ventures, Advanced Technology Ventures, CIBC Capital Partners, Granite Global Ventures, Greylock Partners, IDG Ventures, Madrona Venture, Millenium Technology Ventures and New Millennium Partners.
Said Hercules managing director Sam Bhaumik, "The casual gaming market is growing exponentially, and WildTangent has proven to be a key player. WildTangent is a leader in developing new and exciting business models in the online games space. 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."
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