Wednesday, January 16, 2019

Jam City Raises $145M

Los Angeles-based mobile game developer Jam City has raised $145M in a strategic financing round, the company said today, to grow its global business. The funding was led by JPMorgan Chase Bank, NA and Bank of America Merrill Lynch, and also included Silicon Valley Bank, SunTrust Bank and CIT Bank, N.A. According to Jam City, the new funds will go to fuel its "consolidation and growth initiatives", including its recent multi-year game development deal with Disney and expansion to Toronto. Jam City is led by co-founder and CEO Chris DeWolfe.

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