The Intel-backed social games developer has borrowed $5m from commercial finance company NXT, which will be used to finance short term growth.
Social gaming company Digital Chocolate secured a loan worth $5m on Wednesday from NXT Capital Venture Finance, the venture loans division of commercial finance firm NXT Capital, in order to fund ‘key growth initiatives’.
Digital Chocolate had previously raised $55.8m in capital over four rounds. Investors include corporate venturing unit Intel Capital, which led a $12m series D round last year, as well as venture firms Sequoia Capital, Kleiner Perkins Caufield & Byers, Bridgescale Partners, Sutter Hill Ventures, CHI Capital,…
