JumpStart (also known as Knowledge Adventure), a pioneering educational game developer that publishes entertaining and award-winning mobile and web products for children, announced today that it has raised $13 million in debt financing led by Hercules Technology Growth Capital, Inc., the leading specialty finance company focused on providing senior secured loans to venture capital-backed companies in technology-related markets.
"Hercules is the type of venture capital partner all companies in our industry want to have because they know our sector and believe in our vision," said JumpStart Chief Executive Officer David Lord. "Their investment, coupled with additional funds from Telesoft Partners, is coming at the perfect time -- a time when we are looking to expand beyond our current brand portfolio into other products within the children and family space. It puts JumpStart in an advantageous financial position which will help advance our goals of solidifying our position as the leader in educational gaming."
"We are pleased to help provide the financing required to advance JumpStart's efforts to expand its product offerings and achieve its growth objectives," said Roy Liu, managing director at Hercules. "With a talented management team, well-designed and imaginative games and strong brand, we believe JumpStart has a long and bright future ahead of it."