Los Angeles Business Journal

Gamblit Gaming Raises $12 Million

By Business Journal Staff Tuesday, April 1, 2014

Gamblit Gaming has raised $12 million in financing that will be used to prepare for launching its online gambling software this year, the company said Tuesday.

The Glendale company received the money from American Capital Strategies, a Bethesda, Md. publicly traded private equity firm that has previously put $7 million into Hard 8 Games, a Boston company that is the parent of Gamblit.

Gamblit is developing software for use by mobile and online game makers to add real-time gambling functions. The startup hasn’t generated any revenue and is still talking with game companies to gauge interest in using its software.

The company was founded in 2010 and is headed by Eric Meyerhoffer, who previously had been with a FutureLogic, a Glendale company that manufactures receipt printers used on slot machines, parking garages and ATMs.

Gamblit has about 40 employees.