Japan’s SoftBank is investing $3.5 million in the developer of browser-based mobile games, MocoSpace, in a strategic round. So far, the company has raised a total of $10.5 million with previous investors including General Catalyst, Pilot Group and angel investor Michael Dearing.
Headquartered in Boston, MocoSpace has more then 14 million users which play about 1 million games on the mobile website per month. The service works both on smartphones and mass-market feature phones, though I guess a handset with a decent web browser is required.
As you can guess, we’re talking about casual games here which don’t “do 3D graphics” — such, more enhanced games are still available only as dedicated native apps.
The company is already profitable, but Justin Siegel (chief executive) said they’ll use the new investment to develop the MocoSpace Games Platform that would allow third-party developers to make HTML-based games and promote them through MocoSpace. The new platform is set for launch in early 2011.
[Via: VentureBeat]