Bee Cave Games Reveals Funding DetailsJanuary 09, 2014
Austin Business Journal
by Christopher Calnan
Mobile game developer Bee Cave Games Inc. disclosed Wednesday details about the $1.9 million funding the Austin Business Journal reported last month.
The Austin-based company revealed that investors included Massachusetts-based Matrix Partners and China-based Dragonrise Capital Advisors Ltd. Bee Cave Games plans to use the capital to expand the use of its game Blackjack Casino on Facebook and the Apple Inc. and Android operating systems for smartphone.
Bee Cave Games, which launched in 2012, announced a $1.4 million seed funding in February 2013 from employees, private investors and California-based Glu Mobile Inc. It employs 16 workers.
Last month, Bee Cave Games reported raising the $1.9 million from nine investors, according to a filing with the U.S. Securities and Exchange Commission.
In August 2013, the company raised $1.2 million of a planned $1.3 million financing from 23 investors.
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, executives said.