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Tuesday, November 15, 2005 

Online Games Platform Provider Game Trust Raises $9 Million

New York - Game Trust, a provider of infrastructure for premium online casual games, announced on Tuesday that it has raised $9 million in its second round of venture capital financing. TWJ Capital and NJTC Venture Fund led the investment round; Patriot Capital, CSK Ventures, Topspin Partners, Silicon Alley Venture Partners, Draper Associates and Elon Musk also participated. New York-based Game Trust's platform, used by gaming sites including Shockwave.com and MiniClip.com, adds avatars, chat, subscription, tournament and virtual merchandise models to online games. The company will use the proceeds to expand operations in North America and Europe, enter Asian markets, and expand the number of casual game titles it supports to over 150 by the end of 2006.
http://tinyurl.com/apu5j
http://www.gametrust.com

Posted by VUG at 6:12 PM