Foxboro, MA, November 9, 2010 – Quickhit, a leading developer of free social sports games and entertainment for the global audience today announced that it secured a $3.0 million growth capital financing from MMV Financial (“MMV”).
QUICKHIT has experienced significant growth in its first two years, most notably signing a license with the NFL in June 2010, which provided a new level of authenticity to the game. Accuracy and realism are cornerstones for QUICKHIT NFL Football from its game play, to all of the NFL Coaches, players and legends who are featured in the game.
“We are delighted to be a financial partner to an exciting, high growth company like QUICKHIT,” said Brad Steele, Senior Vice President, MMF Financial. “The management team has done an exceptional job in all facets, from game development to distribution partnerships and monetization tools. QUICKHIT’s game platform is very sophisticated and extremely lifelike, providing the social gamer with an easy-to-access and unique online sports experience that appeal to a mass market audience.”
“I’m excited to add a partner like MMV to our group of deeply experienced and respected investors,” said Jeffrey Anderson, CEO and founder of QUICKHIT. “MMV has been impressed with our success and this new capital will allow QUICKHIT to expand our market reach and extend the breadth and depth of our game.”
About MMV Financial:
MMV Financial is a specialty finance company that provides creative debt solutions directly to technology and life sciences companies across North America. MMV is backed by top U.S. and Canadian private equity firms and financial institutions including CCP Equity Partners, Caisse de dépôt et placement du Québec, Fonds de Solidarité des Travailleurs du Québec, HSBC Bank Canada, ROI Capital and Wells Fargo Company. For more information, please visit www.mmvf.com.
Headquartered in Foxboro, Massachusetts, QUICKHIT® is developing free online social sports games and entertainment for a global audience. Our games fill a massive void in the sports industry by offering head-to-head competitions that combine a rich graphical experience, the accessibility of Adobe® Flash®, and the wide appeal of fantasy sports. Our first title, QUICKHIT NFL Football, is a free, authentic NFL football game that doesn’t require a credit card or install. Its compelling graphics, hard-hitting action and feature-rich game play take online sports games to a new level. Play head-to-head against former NFL coaches like Bill Cowher or Brian Billick; take on NFL stars like Chris Johnson, DeMarcus Ware, and more; or sign NFL legends like Barry Sanders, Warren Moon, James Lofton, and many others. QUICKHIT NFL Football offers a persistent gaming experience that lets fans build and manage a football dynasty. Play fast, fun, free online football games, earn fantasy points with every game, sign new players, and watch your team grow. Create your team today at www.quickhit.com.
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