News
Ngmoco secures series A funding
Stuart O'Brien Aug 1 2008, 1:01pm
Kleiner Perkins Caufield & Byers invest in iPhone games developer founded by EA vets.
Next Generation Mobile Company (ngmoco) has secured series A investment from Kleiner Perkins Caufield & Byers (KPCB) with participation from Maples Investments, an early stage fund with expertise in gaming and social networking.
The sum raised was not disclosed.
Ngmoco was founded last month by ex-Electronic Arts studio head Neil Young with a view to creating games for high-end handsets like the iPhone.
Bing Gordon, KPCB partner and former chief creative officer at Electronic Arts, will join the ngmoco board as a result of the investment.
In March 2008, KPCB launched the iFund, an investment initiative to fund 'market-changing ideas and products that extend mobile computing'.
Young said: “The iPhone is the next great game platform and we see an incredible opportunity to build games worthy of the customers that use it. With Bing, Kleiner Perkins and Maples Investments, we have great partners who share our passion to create a new type of publisher and radically reshape the mobile games industry.”
