Bee Cave Games reveals funding details

Jan 9, 2014
Austin Business Journal


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


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