[VentureBeat] MocoSpace raises $3.5M from SoftBank for browser-based mobile games

VentureBeat 9/23/2010

MocoSpace has made a big bet that browser-based games will take off on mobile phones as the mobile web comes of age. And now SoftBank Capital is making a bet that MocoSpace is right about that. Japan’s SoftBank is investing $3.5 million in MocoSpace in a strategic round.

Boston-based MocoSpace was founded in 2005 and has more than 14 million users for its browser-based games and entertainment on both feature phones and on smartphones, said Justin Siegel, chief executive of the company, in an interview. The company is already profitable, but Siegel said the investment will help it enjoy new support from SoftBank.  ...