WildTangent receives $20 million debt financing

WildTangent has been given USD 20 million in debt financing from Hercules Technology Growth Capital.

The company, which says its games reach over 15 million gamers a month in the US and Europe, plans to use the money to "create an even richer gaming experience for gamers around the world."

"The casual gaming market is growing exponentially, and WildTangent has proven to be a key player," said Hercules managing director Sam Bhaumik.

"WildTangent is a leader in developing new and exciting business models in the online games space. They have invented an industry-leading platform that provides unparalleled opportunities for marketers to appeal to gamers, while enhancing and adding value to the overall gaming experience."

The company's investors also include VC companies like CIBC Capital Partners, Granite Global Ventures, IDG Ventures and Millenium. It recently announced the PC launch of Q Entertainment's Lumines on the WildTangent Games Network.