iPhone Game Start-Up Ngmoco Gets Funding from Kleiner Perkins

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Rafat Ali

mocoNews.net
Thursday, July 31, 2008; 5:00 PM

San Francisco-based ngmoco, which is short for "Next-Generation Mobile Company" (we are partial to the name because it also has "moco" in it), has received its first round of funding from Kleiner Perkins Caufield & Byers (KPCB) with participation from Maples Investments. The amount was not disclosed. Bing Gordon, KPCB partner and former chief creative officer of Electronic Arts ( NSDQ: ERTS), will join the ngmoco board. The founder of the startup is also an ex-EA: Neil Young is the founder and CEO, and was one of the rock star game development executives who was responsible for top-selling games, such asThe Lord of the Ringstitles toThe Sims 2.

ngmoco is developing games for the iPhone platform, though no specific games gave been released yet. In March 2008, KPCB launched the iFund, a $100 million vehicle for investing in iPhone-related start-ups. This investment is presumably out of that fund. More details in release.

EA Exec Neil Young Leaves For iPhone Game Start-Up Ngmoco

Updated: More Details On The $100 Million Kleiner Perkins iFund