Mobile social MocoSpace picks up $3.5 million in funding round

Following on from its investment in Zynga, SoftBank Capital has pumped $3.5 million into another mobile social player, this time in the form of browser based platform MocoSpace.

MocoSpace's web portal, which houses a collection of casual games in the US and Canada, currently boasts over 14 million users and three billion page views per month.

As such, the company is already pulling in a profit, yet MocoSpace says the injection of funds from SoftBank will enable it to expand its line up both in terms of games, and the firm's management team.

Investing in the future

Indeed, following on from the deal, SoftBank Capital's managing partner, Ron Fisher, will join MocoSpace's board of directors, bringing more than 30 years of experience to the table.

"MocoSpace is uniquely positioned for massive growth at the crossroads of powerful trends in mobile, gaming and social, as well as appealing to one of the fastest-growing segments of the US population - the Hispanic market," Fisher said of the investment.

"Softbank is excited to be an investor. MocoSpace has done a great job building an industry leading, profitable business, and we're excited to help the company broaden its entertainment offerings and innovate in the social games space."

MocoSpace's expansion, the company claims, will provide developers with a robust environment in which to host their titles.

Soon to enter the field of development itself, MocoSpace also states it is currently in the process of signing deals with further studios to bring yet more content to the platform.