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| Game Trust Closes 9 Million Series Dollars B Financing Game Trust, the leading infrastructure provider for premium online casual games, announced today that it closed an oversubscribed 9 million dollars Series B financing. The round was led by TWJ Capital and NJTC Venture Fund, and was joined by Patriot Capital. Series A investors, including CSK Ventures, Topspin Partners, Silicon Alley Venture Partners, Draper Associates and Elon Musk, also participated in the round. The proceeds from the financing will be used to expand operations in North America and Europe, as well as to enter Asian markets, in response to heightened global licensing demand. In addition, the Company will be expanding the number of casual game titles integrated with its Game Frame platform to over 150 by the close of 2006. In order to address these growth opportunities, Game Trust has recently added 9 new team members and is hiring 10 additional executives. Game Trust is the driving force of innovation in the fast growing casual game sector. Its Game Frame platform adds profile data, rating, avatars, chat, and instant messaging, as well as subscription, tournament, and virtual merchandise models, to a casual game offering. The platform is licensed by leading destination websites, including Shockwave.com and MiniClip.com, and more than two dozen casual game developers. Game Trust's LaunchNow program has allowed thousands of self publishers to incorporate community-enabled arcades on their personal websites, blogs, and forums. write your comments about the article :: © 2005 Game News :: home page |