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IPhone Game Startup Ngmoco Raises $25 Million in Funding, Snatches Up Top Developer

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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.

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]