iFund Invests in ng:moco and Gogii

August 26th, 2008 by Arjan Olsder Posted in Companies & M&A | No Comments »

Kleiner Perkins Caufield & Byers has invested in two iPhone aimed
mobile gaming startups through their iFund fund. The lucky companies
are ng:moco and Gogii.

Both mobile game developers expect to have their first mobile games in Apple’s App Store around Fall this year. ng:moco received between $5 and $ 8 million, but exact amounts are unknown at the moment. Gogii however received $ 5 million in order to start on the market. Both companies should go public in 7 to 8 years.

Gogii is relatively new in the mobile games market, but is ran by old Jamdat managers, which means the company holds a lot of information and experience in the classic market.

Tags: gogii Kleiner Perkins Caufield & Byers ng:moco ifund apple investment
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