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Ngmoco Raises Additional $10 Million in Financing

Monday March 23, 2009 12:01 PM PDT by Eric Slivka

Silicon Alley Insider reports that iPhone game developer ngmoco:) has raised $10 million in series B venture capital financing.

Apple's (AAPL) iPhone and iPod touch platform has been a huge hit for gaming, so it's no surprise that one of the iPhone's best game publishers has just closed a new round of financing.

Ngmoco has raised $10 million in series B financing, led by Norwest Venture Partners. Previous investors, including Kleiner Perkins and Maples Investments, also participated.

ngmoco:) was one of the first recipients of venture financing from Kleiner Perkins Caufield & Byers' iFund initiative, and has produced such popular games as MazeFinger, Topple, Topple 2, and Rolando. Their fundraising success, along with a recent $3.9 million financing for Smule, demonstrate that investors continue to view Apple's App Store as a viable marketplace with significant potential for the future.

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