Daily News: April 4, 2014

Hercules Technology Leads $13MM in Venture Debt for JumpStart

JumpStart, an educational game developer that publishes mobile and web products for children, announced it raised $13 million in debt financing led by Hercules Technology Growth Capital. HTGC, a 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.

“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.”