Jam City brings in US$145 million

The mobile developer has raised a large amount of strategic financing for new acquisitions and growth.
January 16, 2019

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 JamAvengers AcademyThe 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.

About The Author
Alexandra Whyte is Kidscreen's News & Social Media Editor. Contact her at awhyte@brunico.com


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