Seattle
– Exponential Entertainment, a developer of movie-focused online social games,
has raised $700,000 in new funding from angel investors including Band of
Angeles, VentureBeat reported.
The company also secured $1 million in
convertible debt, and told VentureBeat that it aims to raise a total of $3.25
million.
Founded in 2008 by the creators of the DVD-based game
"ScentIt," Seattle-based Exponential develops Hollywood
trivia games for its own website, Facebook and other social media sites.
The
company’s eight titles currently count 20,000 monthly users.
Related Links:
http://snipurl.com/umckp
(VentureBeat)
