MocoSpace Gains $3.5M, Moves Further Into Mobile Social Gaming
Boston-based MocoSpace, a mobile social networking and entertainment startup, said today it has closed a $3.5 million financing round from SoftBank Capital. As part of the deal, SoftBank Capital’s founder and managing partner, Ron Fisher, is joining the MocoSpace board. The company’s previous investors include General Catalyst, Pilot Group, and angel investor Michael Dearing.
MocoSpace says it will use the money to expand its management team and move deeper into mobile browser-based social gaming. The startup is developing a software platform for game developers to build Web-based apps (not specific to any smartphone operating system), and also says it will release its own browser-based mobile social game. MocoSpace calls itself the “largest entertainment destination on the mobile Internet,” with more than 14 million users and three billion page views per month. It says it is already profitable.
The company started in 2005, and until recently has focused on building a mobile social community for owners of feature phones (non-smartphones). In May, MocoSpace moved beyond feature phones and into mobile apps for Apple’s iPhone and Google Android smartphones.