Marmalade Technologies, producer of the game development environment, the Marmalade Platform, has completed a $5m (£3.5m) mezzanine funding round. The investment, a mixture of equity and venture debt led by Bloc Ventures, will support the expansion of Marmalade’s global presence and, the company said, sets it firmly on the path towards a future public listing.
“We are excited to have completed this round of financing. It allows Marmalade to both restructure the balance sheet and inject further growth capital into the business,” said Marmalade chairman and interim CEO, Bruce Beckloff. “We believe this positions Marmalade for a public listing in the future as there is notable appetite for fast-growing companies that significantly enable the mobile gaming space.” 
With the closing of the funding round, the company has appointed Bruce Beckloff as interim CEO with immediate effect, replacing Harvey Elliott
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