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DN Capital Portfolio Company Digital Chocolate Secures $12 Million Series D Investment




DN Capital Portfolio Company Digital Chocolate Secures $12 Million Series D Investment



01 Feb 2011
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DN Capital Portfolio Company Digital Chocolate Secures $12 Million Series D Investment

Top social game publisher solidifies its leadership position

San Mateo, CA,February 22, 2011 – DN Capital portfolio company Digital Chocolate Inc., a global leader in social games on facebook and other platforms, announced it has closed $12 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,� said 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.�

�We�ve chosen to invest in Digital Chocolate because of its success across the fastest growing digital platforms and consumer electronics device categories,� said Mike Buckley, managing director of the Consumer Internet Sector of Intel Capital. �As a leading social game developer, Digital Chocolate continues to drive new features and functionality across multiple computing platforms.�

About Digital Chocolate

Digital Chocolate has rapidly emerged as a leader in new digital media and social games. Best known for Millionaire City, MMA Pro Fighter, Rollercoaster Rush and Tower Bloxx, Digital Chocolate led all software companies in App Store downloads in 2009 and in 2010 was one of the fastest-growing publishers of Facebook social games with virtual goods. Focused on original brands and technology for a wide variety of platforms, the company has made over 100 different award-winning games and works with 200 leading web and mobile channel partners in 80 countries. Digital Chocolate has operations in San Mateo, Helsinki, Barcelona, Bangalore, and Mexico.

About DN Capital

DN Capital is a growth capital and early stage investor focused on software and digital media markets with offices in London and Palo Alto. DN Capital’s objective is to identify, invest in and actively support companies with the potential to be global leaders. Portfolio companies include Shazam Entertainment, Endeca Technologies, Datanomic, OLX, Digital Chocolate and Tbricks. The professionals at DN Capital bring over 50 years of private equity experience to their investments, and actively work with portfolio companies to steward their growth through the various stages of development. Additional information about DN Capital and our portfolio companies can be found on our website, www.demianortega.com/dncapital.

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