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No Recession for iPhone Game Apps

in News on March 23, 2009 at 4:42 pm PT

If anyone had doubts about the viability of a business that is purely focused on making videogame applications for Apple’s iPhone and iPod touch, venture capitalists aren’t among them. Ngmoco, known for iPhone games like puzzle-adventure game Rolando and word game WordFu, said on Monday that it raised $10 million in a new round of financing led by Norwest Venture Partners.