ngmoco develops popular iPhone and iPad games, with We Farm cited as the second most popular game on the iPad. The article reports the company is already profitable. It has been comparatively underperforming on Android to date, and coverage suggests the new funding could prompt more Android releases. The reported new investment values ngmoco well above $100 million. ngmoco previously closed a $25 million Series C in February. The funding and investor attention may accelerate platform expansion and broader growth initiatives. ngmoco builds and publishes iPhone games and operates the Plus+ social game network that manages virtual‑goods payments, messaging, and social features. The company pivoted to free‑to‑play with in‑app purchases and reports strong engagement: two titles (TouchPets and Eliminate) have been installed 9 million times and hundreds of thousands play daily. TouchPets recently recorded its biggest revenue day. ngmoco acquired Freeverse (maker of paid apps like Skee‑Ball) and also bought the $0.99 game Charadium, planning to convert them to free‑to‑play and monetize via in‑app purchases. Management expects to release about 20 new games this year, with the Freeverse team contributing a similar output. ngmoco also plans to open an SDK for third‑party developers to tap into Plus+. The company has raised significant venture capital to scale these efforts. ngmoco is a stealth mobile gaming company led by CEO Neil Young, an ex‑Electronic Arts executive. The team aims to both develop its own iPhone games and finance and produce titles from other developers. It intends to apply the EA studio model to a new class of mobile games for the iPhone and future devices with similar characteristics. Leadership experience cited includes Young's oversight of hits such as Lord of the Rings, The Sims 2 and the then‑upcoming Spore. The company has announced a Series A round but the size of the financing was not disclosed. Kleiner Perkins' iFund is an announced investor and Kleiner partner Bing Gordon is joining ngmoco's board.

Total raised

$25M

Funding rounds

3

Latest round

Series C

Latest activity

Feb 2010