EA founder and former CEO Trip Hawkins has obtained multi-million dollar credit for his current venture, Digital Chocolate. The mobile and casual game developer, formed by Hawkins in 2003, is to receive a revolving line of credit from Silicon Valley's Bridge Capital Holdings.
While the money is for general corporate purposes, it comes at a time when Digital Chocolate is increasingly exploring Facebook and iPhone gaming.
"Digital Chocolate is emerging as one of the new leaders in mobile and social games," said Trip Hawkins, who is the developer's CEO as well as its founder. "Bridge Bank will help us grow faster. They have confidence in our performance to date and the strong market position we are building."
"Trip Hawkins is one of the Valley's true visionaries with Digital Chocolate being a great example," said Ed Lambert, senior vice president of Bridge Bank's Technology Banking Division. "We are tremendously excited to provide partnership support for their expansion in the social gaming community."
Digital Chocolate's recent additions to its 80-strong games library include MMA Pro Fighter, NanoStar Siege, Millionaire City, NanoStar Castles, NanoTowns, Safari Kingdom, and Tower Bloxx. Hawkins' company currently faces stiff competition in the race for Facebook gaming success, in the form of the now EA-owned Playfish.