Mobile games startup Funzio wants $50m funding | Mobile Industry | Mobile Entertainment

Mobile games startup Funzio wants $50m funding

Mobile games startup Funzio wants $50m funding
Zen Terrelonge

by

Industry / Funding / April 17th 2012 at 1:48PM

Plans to offer cross-platform gaming for mobile and online.

As the mobile gaming space booms, Funzio is crying out for a $50 million funding round, which will push it to a $350 million valuation, according to TechCrunch.

If Funzio acquires the funding, it plans to build on its cross-platform offerings with a launch to new mobile operating systems and online portals.

Thus far, the firm has developed freemium games for iOS and Android as well as social networks Facebook and Google+.

In the past, CEO Ken Chiu worked on a deal with Zynga and developed gaming firm Storm8, though seemingly he now wants the same success for Funzio.

The round would follow the $20 million Series A capital the firm bagged last year.