Bee Cave Games Collects $1.9M FinancingDecember 24, 2013
Austin Business Journal
by Christopher Calnan
Mobile game developer Bee Cave Games Inc. reported completing a $1.9 million debt financing.
The Austin-based company collected the capital from nine investors, according to a Monday filing with the U.S. Securities and Exchange Commission.
Bee Cave Games, which launched in 2012, announced $1.4 million in seed funding in February from employees, private investors and California-based Glu Mobile Inc. It employed 13 workers at the time of the funding.
In August, the company raised $1.2 million of a planned $1.3 million financing from 23 investors that included Massachusetts-based Matrix Partners. Executives said the capital would be used to help the company expand and support the growth of its first game title, Blackjack Casino.
In November, Bee Cave Games announced launching a version of Blackjack Casino for the Amazon app store for Kindle Fire devices. It marked the fourth different platform for which the company developed Blackjack Casino, according to a Bee Cave Games news release.