Edison, N.J. - Video game publisher Majesco Entertainment announced on Thursday that it has raised $6 million through a private placement of its shares with several institutional investors.

The New Jersey-based company has more recently shifted its focus from developing large-scale titles to simpler, mass market games like "Cooking Mama."

"This financing provides us with working capital to support continued expansion of our product line of high quality, easy to play games for the mass market consumer," said Jesse Sutton, interim CEO.

"The additional funds also provide valuable flexibility, stability and agility to reduce financing costs, fund growth, and expand our intellectual property partnerships in 2008 and beyond."

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