DIGITAL CHOCOLATE SECURES $13 MILLION IN SERIES B FUNDING LED BY SUTTER HILL VENTURES
Shanghai-based Chengwei Ventures, One of China’s First Independent Venture Funds, Joins Kleiner Perkins and Sequoia Capital in Latest Investments in Developer of Innovative Mobile Phone Content

San Mateo, CA, August 10, 2004 — Digital Chocolate, Inc., a developer of innovative content for mobile phones founded by personal computer and video game pioneer Trip Hawkins, today announced that it has secured $13 million in Series B funding from four leading venture capital firms.

The Series B funding was led by Sutter Hill Ventures and also included Chengwei Ventures, a Shanghai-based venture capital firm and one of China’s first independent venture funds. Digital Chocolate’s Series A investors, Kleiner Perkins Caulfield & Byers and Sequoia Capital, also participated in the Series B financing. The company previously secured $8.4 million in its Series A funding.

“We are becoming a significant player in the mobile content market, introducing innovative concepts, higher production values and, overall, a wholly new experience on mobile phones,” said Trip Hawkins, founder and CEO of Digital Chocolate. “This next round of funding validates our vision of what that mobile content can be, and will allow us to explore any and all opportunities to create the kind of experience we envisage and customers will demand.”

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About Digital Chocolate
Digital Chocolate is a developer of innovative applications for mobile phones, including entertainment, problem-solving, and social networking applications. Based in San Mateo, California and founded in 2003 by software gaming pioneer Trip Hawkins, Digital Chocolate was originally backed by Kleiner Perkins Caufield & Byers and Sequoia Capital, as well as angel investors, including Bob Pittman, former COO of AOL/Time-Warner and founder of MTV. The company is launching its first series of applications in the summer of 2004.