LA-based mobile game developer Jam City has raised US$145 million in strategic financing for new acquisitions and global growth, in a round jointly led by JPMorgan Chase Bank, Bank of America Merrill Lynch and lenders Silicon Valley Bank, SunTrust Bank and CIT Bank.
Best known for its recent work on Harry Potter: Hogwarts Mystery, the mobile developer’s portfolio also includes Cookie Jam, Avengers Academy, The Book of Life Sugar Smash and Snoopy Pop. It was founded in 2010 by MySpace co-founder Chris DeWolfe (pictured left) and former 20th Century Fox exec Josh Yguado (pictured right).
The new funding comes in the wake of the company recently signing a multi-year partnership with Disney to take over management of its popular Disney Emoji Blitz game. As part of the agreement, Jam City also has the ability to develop new mobile games based on characters and stories from Pixar and Walt Disney Animation—kicking off with a Frozen 2 title.