iPhone developer ngmoco snaps up $10 million investment

By Nicholas Lovell on March 24, 2009

The company may only be 9 months old, but this week Ngmoco snapped up another $10 million, bringing the total raised to $15 million.

New investors Norwest Venture Partners join Kleiner Perkins and Maples Investments. The deal was reportedly closed in a matter of weeks, a sign of how hot the iPhone space is right now.

A fantastic business opportunity or a bunch of VCs jumping on the most visible current busines opportunity?

Actually, my view is the former. I hope I’m right.

About Nicholas Lovell

Nicholas is the founder of Gamesbrief, a blog dedicated to the business of games. It aims to be informative, authoritative and above all helpful to developers grappling with business strategy. He is the author of a growing list of books about making money in the games industry and other digital media, including How to Publish a Game and Design Rules for Free-to-Play Games, and forthcoming Penguin title The Curve.