GameLogic Inc. has raised a total of $18.6 million in Series B financing led by Bain Capital Ventures, with existing investors General Catalyst Partners and Maveron LLC participating.
GameLogic's products and services provide regulatory-compliant gaming designed to enable legal casinos and government-sponsored lotteries to stay connected to their players virtually anywhere there is a computer, according to company officials. The company expects to launch its PlayAway platform in New Jersey during the second quarter of 2006, following a review last November by the New Jersey Casino Control Commission. GameLogic was founded in 2002 by chairman and chief executive Steven Kane, founder of Gamesville, which was acquired by Lycos in 1999 for $232 million.