Since switching from paid iPhone game apps to a free-to-play model with in-game purchases, iPhone game startup ngmoco has managed to raise $25 million in venture capital funding. That's enough to buy up another top developer and expand even further.

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Freeverse, the company bought up by ngmoco, is is behind paid iPhone games such as Skee-Ball, Flick Fishing, Flick Bowling, and Moto Chaser. There's no word on whether the purchase will lead to a change in the sales model, but it'll definitely lead to us seeing the familiar ngmoco logo even more. [Tech Crunch via Business Insider]