YouWeb, CrowdStar Start Mobile Developers Fund with $10 Million

By Ed Silverstein July 15, 2011

YouWeb and CrowdStar and have started a mobile developers fund with $10 million.

The money will be used to invest in developers of mobile social games.

Peter Relan, CEO of CrowdStar and chairman of YouWeb, said YouWeb “is an incubator that spawned CrowdStar and other hot startups of the mobile-social era, including Sibblingz, iSwifter and OpenFeint,” according to a report from VentureBeat.

Relan is naming one of his employees as someone to discover mobile game developers worthy of investment.

“We want games and more of them,” Relan told VentureBeat. “We know we don’t have all the ideas.”

The fund will invest up to $250,000 for initial funding, VentureBeat reports.

In a related matter, CrowdStar has also raised $23 million from Intel Capital and Time Warner, according to VentureBeat.

Relan added that CrowdStar is currently on a path of global expansion and wants to play a bigger role on Facebook, on mobile, and in Asia, according to VentureBeat. CrowdStar has 25 million monthly active users on Facebook.

CrowdStar started its first mobile game, Top Girl, aimed at younger females following a modeling career, according to VentureBeat. The game saw more than 1 million downloads in 10 days.

There are also other companies that have set up funds for developers, according to VentureBeat. They include: TinyCo, OpenFeint, Flurry, Scoreloop and Tapjoy.

“Mobile gaming is a very young market and there is a lot of creativity out there,” Relan told VentureBeat. “Developers have great ideas, but they may not have the game design and metrics expertise that we do as a publisher.”

In a related matter, TechZone360 reports that CrowdStar deployed the BringIt challenge and tournament platform in its category-leading games “Happy Aquarium” and “Pop Boom.”

 CrowdStar is using BringIt to increase user engagement, while adding functionality and increasing user monetization, TechZone360 adds.

Ed Silverstein is a TechZone360 contributor. To read more of his articles, please visit his columnist page.

Edited by Rich Steeves

TechZone360 Contributor

Related Articles

Why Blockchain Could Be a Gamechanger

By: Paula Bernier    1/22/2018

Blockchain has become closely associated with the controversial topic of cryptocurrency. And that's fine because blockchain is an enabling technology …

Read More

Consumer Privacy in the Digital Era: Three Trends to Watch

By: Special Guest    1/18/2018

Digital advertising has exploded in recent years, with the latest eMarketer data forecasting $83 billion in revenue this year and continued growth on …

Read More

CES 2018: Terabit Fiber - Closer Than We Think

By: Doug Mohney    1/17/2018

One of the biggest challenges for 5G and last mile 10 Gig deployments is not raw data speeds, but middle mile and core networks. The wireless industry…

Read More

10 Benefits of Drone-Based Asset Inspections

By: Frank Segarra    1/15/2018

Although a new and emerging technology, (which is still evolving), in early 2018, most companies are not aware of the possible benefits they can achie…

Read More

VR Could Change Entertainment Forever

By: Special Guest    1/11/2018

VR could change everything from how we play video games to how we interact with our friends and family. VR has the power to change how we consume all …

Read More