Game Trust Closes $9 Million Funding

Casual game infrastructure developer and distributor Game Trust has announced that it has closed an oversubscribed $9 million Series B financing. The round was led by TWJ Capital and NJTC Venture Fund, and was joined by Patriot Capital. Series A investors, including CSK Ventures, Topspin Partners, Silicon Alley Venture Partners, Draper Associates and Elon Musk, also participated in the round. Game Trust has created the GameFrame software platform for casual games, providing community features and transaction capabilities, as used on game portals such as Shockwave.com and MiniClip.com. The proceeds from the financing will be used to expand operations in North America and Europe, as well as to enter Asian markets. In addition, the Company will be expanding the number of casual game titles integrated with its Game Frame platform to over 150 by the close of 2006. In order to address these growth opportunities, Game Trust has recently added 9 new team members and is hiring 10 additional executives. "We are very excited about Game Trust's technical leadership in the casual game arena," said Robert Chefitz, General Partner of NJTC Venture Fund. "We believe that the industry's future growth will demand the multi-player, community oriented experience that Game Trust provides."