June 9th, 2010 by Arjan Olsder Posted in Companies & M&A | 1 Comment »
Digital Chocolate has secured several millions of dollars in their last financing round. The financing came primarily from Bridge Capital Holding, subsidiary of Silicon Valley based Bridge Bank.
The funding is received for general corporate purposes, which means the strategy for this funding is not disclosed yet. In previous rounds, the company already secured $43.8 Million. Together with the funding, Ilka Paananen has been promoted to President of the company. He will be assisted by Saurin Shah who will take place as Vice President.
Ilka joined DC after Sumea Studios was acquired.
“Digital Chocolate is emerging as one of the new leaders in mobile and social games,” says the firm’s founder and CEO Trip Hawkins. “Bridge Bank will help us grow faster. They have confidence in our performance to date and the strong market position we are building.”
“Trip Hawkins is one of the Valley’s true visionaries with Digital Chocolate being a great example,” said Ed Lambert, Senior Vice President of Bridge Bank’s Technology Banking Division. “We are tremendously excited to provide partnership support for their expansion in the social gaming community.”
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