Pocket Gems Raises $5 Million from Sequoia, Others

Pocket Gems, the maker of mobile social games, such as Tap Store, Tap Jungle and Tap Zoo, has raised $5 million in venture capital. The round was led by Sequoia Capital. Other investors include Michael Dearing, an eBay veteran; Jeff Fluhr, co-founder of StubHub; and Omar Hamoui, founder of AdMob. The funding will be used to hire more engineers. Pocket Gem’s free games have been downloaded more than 15 million times from the iPhone App Store and are supported by virtual goods.


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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald