WildTangent Gets $20 Million Investment

image

Casual game publisher WildTangent has received $20 million in debt financing from Hercules Technology Growth Capital, the company announced today.

According to a report by Gamasutra, WildTangent has said it will use the infusion to “create an even richer gaming experience for gamers around the world.” The company claims a monthly user base of over 15 million gamers in the U.S. and Europe, with a catalog of over 450 games from nearly 100 developers, but is perhaps best known for Fate, a Diablo-like action-RPG. Released in 2005, Fate was well-received by both casual and mainstream gamers, and was runner-up for PC Gamer magazine’s RPG of the Year award. OEM versions of many WildTangent games are also distributed by manufacturers including Dell, Toshiba, Gateway and Hewlett-Packard.

“The casual gaming market is growing exponentially, and WildTangent has proven to be a key player,” said Hercules Technology Growth Capital 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.”

Recommended Videos
related content
Read Article PlayStation Studios Laying Off Employees at Insomniac, Naughty Dog
Sony Interactive Entertainment's logo.
Read Article FF7 Remake Changed Aerith’s Final Line – And Fans Aren’t Happy
Aertith in Final Fantasy 7 (FF7) Remake.
Read Article Pokemon Presents Basically Confirmed the Nintendo Switch 2’s Release Window
pokemon presents switch 2
Related Content
Read Article PlayStation Studios Laying Off Employees at Insomniac, Naughty Dog
Sony Interactive Entertainment's logo.
Read Article FF7 Remake Changed Aerith’s Final Line – And Fans Aren’t Happy
Aertith in Final Fantasy 7 (FF7) Remake.
Read Article Pokemon Presents Basically Confirmed the Nintendo Switch 2’s Release Window
pokemon presents switch 2