DN Capital portfolio company Digital Chocolate Inc, a developer of social games on facebook and other platforms, has closed USD12 million in Series D financing. This round was led by Intel Capital and includes participation from prior investors DN Capital, Sutter Hill Ventures and Bridgescale Partners.
The new funding comes on the heels of Digital Chocolate’s successful 2010 during which it became one of the top five global games publishers on Facebook. The company has also achieved more than 100 million mobile downloads, and has brought its social games to the smartphone and tablet platforms. With this additional growth capital, the company plans to further expand its scale, cross-platform capabilities, and geographic reach.
The announcement represents a commitment to the continued expansion of Digital Chocolate’s strategy.
“The investment from Intel Capital supports our vision of publishing leading social games across different devices and platforms,” says Trip Hawkins, founder and CEO of Digital Chocolate. “The strength of our team, combined with the strategic insight and support from Intel Capital and existing investors, will help extend our leadership in the evolving social gaming market.”
Mike Buckley, managing director of the Consumer Internet Sector of Intel Capital, says: “We’ve chosen to invest in Digital Chocolate because of its success across the fastest growing digital platforms and consumer electronics device categories. As a leading social game developer, Digital Chocolate continues to drive new features and functionality across multiple computing platforms.”
