Digital Chocolate Gets $22.5 Million


Last week Digital Chocolate was reported to have raised a new round of funding. When I talked to CEO Trip Hawkins last week he said that the reports were slightly inaccurate and that the company would announce the news this week. So today the company said it has raised $22.5 million (not the previously reported $18.3 million) led by Bridgescale Partners, bringing the company’s total funding raised to $43.8 million.

“D-Choc,” as Digital Chocolate employees call the company, is ranked #9 in the top ten mobile game publishers according to M:Metrics, with 2.3% of the share of mobile game downloads. Electronic Art’s mobile arm is far and away the leader with 28.8% of downloads. Digital Chocolates other new investors include Outlook Ventures, Montagu Newhall, DN Capital, Glynn Capital Management and CHI Capital, and previous investors include Sequoia Capital, Kleiner Perkins Caufield & Byers, Sutter Hill Ventures and Chengwei Ventures.

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