MocoSpace Takes $3.5M For Mobile Social Games

By On September 25, 2010 · Leave a Comment

Mobile social game publisher MocoSpace has taken a $3.5 million round of funding from Japanese firm SoftBank. MocoSpace plans to use the funds to grow its main product, a gaming portal built to deliver mobile browser-based social games, and expand its management team. MocoSpace serves around 14 million users with 6 million monthly active uniques who generate 3 billion pageviews per month.

The company says that it's already profitable, but wants to use this round of funding to build its platform out more quickly. MocoSpace wants to offer developers mobile reach via smart phone and other handset browsers and access to the portal's audience, which plays over 1 million games per month.

Right now MocoSpace is developing a game of its own and negotiating deals with third-party developers to create more mobile browser-based games, using Webkit and HTML5. MocoSpace launched in 2005 and is headquartered in Boston.

SoftBank Capital founder and Managing Partner Ron Fisher will join the MocoSpace board. SoftBank is perhaps best-known in the American tech scene for its previous $150 million investment in Zynga, which helped bring the company's games to Japan.