Digital Chocolate Raises Another Round of Funding, Focuses on NanoVerse

Mobile and social games developer Digital Chocolate just announced a multi-million dollar revolving line of credit from Bridge Capital Holding, a subsidiary of a Silicon Valley-based full-service business bank. Digital Chocolate’s expansion into the social and mobile gaming scene seems to be paying off as they actively update their Nanoverse series on Facebook as well as their recently launched city builder Millionaire City that currently has 350K MAUs. Read more after the jump.

There hasn’t been a shortage of companies raising money lately. We’ve recently covered news such as RockYou raising $10M and Kontagent $1M here at Social Times. The latest good news comes from Digital Chocolate that is faring strong in social and mobile gaming. The Facebook games especially seem to be doing alright despite Trip Hawkins’ worried outlook of Facebook’s viral ecosystem. An inside source revealed that Millionaire City has grown to over 100,000 DAUs with no marketing. Their other titles for Facebook include MMA Pro Fighter (1 MMAUs), NanoStar Siege (429K MAUs), Safari Kingdom (107K) and more.

“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 will be using the raised funds to continue releasing more games focused on the NanoVerse franchise. The core of the NanoVerse is comprised of NanoStars, which are essentially meta-digital characters with functional properties that can be used across games.

Digital Chocolate has secured a total of $43.8 million from three previous investment rounds since 2003, the year it was established. Digital Chocolate has seen been developing ‘omni’ games, that have mass market appeal and reach consumers across all platforms. The company has published over 80 titles to date on platforms such as Xbox Live, iPhone and Facebook with users spanning 80 countries.

“Digital Chocolate is emerging as one of the new leaders in mobile and social games,” says the firm’s founder and CEO Trip Hawkins. “Bridge Bank will help us grow faster. They have confidence in our performance to date and the strong market position we are building.”