Tag - Ngmoco
iOS developer Ngmoco has bought out a San Francisco-based firm, Lionside, reports say. The latter is best known for making Facebook sports games, including NBA Legend, which at one point is said to have had as many as a million players a month. The cost of the acquisition is unknown, but Ngmoco is more likely to take Lionside's properties and convert them into iPhone and iPad games, rather than build new Facebook titles.
Kleiner Perkins Caufield & Byers at an event Thursday provided a look back at the performance of the iFund slightly more than three years since it was first started. The group considered it a success as it had decided to fund 25 companies that, combined should have 300 million downloads by the end of 2011. Two of the companies, ngmoco and Pelago, had found buyouts, while exercise-oriented Worksmart Labs was getting funding to expand beyond Android and develop iOS apps.
Venture capitalists at DCM on Thursday unveiled an Android equivalent to the well-known iFund. A-Fund will give startups and other companies a total pool of $100 million to support apps, hardware, and services for Android. The funding will get help from Japanese carrier KDDI, local social network GREE, and Tencent, the founder of Chinese portal QQ.
A Japanese developer, DeNA, is buying American outfit ngmoco in a deal which could be worth up to $403 million, according to Reuters. At least $303 million is being offered in cash, shares and stock options, while the remaining amount is contingent on ngmoco's 2011 sales. ngmoco was one of the first high-profile developers of iOS games, and is responsible for titles like We Rule, GodFinger and Rolando.
Google Ventures, the search company's venture capital division, has reportedly invested in the successful App Store developer ngmoco. The money is said to have been part of a new round of funding, likely fetching between $3-5 million, sources have told TechCrunch.
Ngmoco is set to release six games specifically designed for the iPad, according to a GamePro report. The company is working in collaboration with its recent acquisition, Freeverse, to prepare several games for availability shortly after the iPad begins shipping.
iPhone game developer ngmoco has acquired Freeverse, another leading game producer. Ngmoco CEO Neil Young also helped the company raise $25 million in series C funding, according to TechCrunch. The latest round of investment reportedly includes Institutional Venture Partners, Kleiner Perkins, Norwest Venture Partners, and Maples Investments.