American Capital leads $12 mln round for Gamblit Gaming

Gamblit Gaming said Friday that it has closed $12 million in financing. American Capital led the round. Based in Glendale, Calif., Gamblit Gaming is a provider of real money gaming in mobile games.

PRESS RELEASE

Glendale, Calif. – March 28, 2014 – Gamblit Gaming today announced it has raised $12 million in growth capital led by American Capital, Ltd.
“We are pleased with the growth and development achieved by Gamblit to date, “said Eric Meyerhofer, Chief Executive Officer of Gamblit Gaming. “We are on track to achieve our goals during this startup period and look forward to launching our suite of products later this year.”
Gamblit will use this new investment to continue to grow its platform and operational infrastructure in preparation for live operations later this year. The company was founded in July 2010 and has 49 employees. This $12 million capital raise brings the total funding raised by Gamblit to date to $20 million.
About Gamblit Gaming
Gamblit Gaming is a leading technology provider of real money gaming in mobile games, enabling a wide range of mobile game genres to accommodate gambling experiences in online and on-site deployments worldwide. Gamblit’s platform provides all essential regulated technology, customer operations, and licenses; freeing up game developers, publishers, and casino operators to focus on making the best possible game experience for their players. Founded with the goal of bridging the gap between games and gaming, Gamblit’s executive team has deep roots in both industries. The company is headquartered in Glendale, California and can be found online at gamblitgaming.com.
About American Capital
American Capital, Ltd. (Nasdaq: ACAS) is a publicly traded private equity firm and global asset manager. American Capital, both directly and through its asset management business, originates, underwrites and manages investments in middle market private equity, leveraged finance, real estate, energy & infrastructure and structured products. American Capital manages $19 billion of assets, including assets on its balance sheet and fee earning assets under management by affiliated managers, with $93 billion of total assets under management (including levered assets). Through an affiliate, American Capital manages publicly traded American Capital Agency Corp. (Nasdaq: AGNC) with approximately $9 billion of net book value, American Capital Mortgage Investment Corp. (Nasdaq: MTGE) with approximately $1 billion of net book value and American Capital Senior Floating, Ltd. (Nasdaq: ACSF). From its eight offices in the U.S. and Europe, American Capital and its affiliate, European Capital, will consider investment opportunities from $10 million to $750 million. For further information, please refer to www.AmericanCapital.com.

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