MocoSpace Takes $3.5 Million Softbank Investment, Turns to Web-Based Mobile Games
Although the Japanese tech giant Softbank is now best known in Silicon Valley for its massive $150 million investment in Zynga, the company is also active in smaller rounds. MocoSpace, a growing mobile social network, is the latest to get one.
MocoSpace is announcing a $3.5 million addition to its second round of funding from SoftBank today. The aim is to use the money toward a new initiative: browser-based gaming on mobile devices.
That sounds like an odd idea — mobile gaming has been strongly tied to downloaded apps since the advent of smartphones.
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