Startup GameLogic Inc. has received $3 million of dept financing from Hercules Technology Growth Capital Inc., the company said on Thursday.
Founded in 2002, Waltham, Mass.-based GameLogic received $18 million in its second round of VC funding in February from Bain Capital LLC in Boston, General Catalyst Partners in Cambridge, Mass., and Maveron LLC in Seattle. The company will not disclose the amount of its first round of funding.
GameLogic provides licensed casino and lottery operators with Web-based games that are approved by U.S. federal and state regulators.
Palo Alto, Calif.-based Hercules Technology Growth Capital (Nasdaq: HTGC) is a specialty finance company that provides debt and equity growth capital to technology-related companies at all stages of development.