YouWeb, CrowdStar Start Mobile Developers Fund with $10 Million


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

Coding and Invention Made Fun

By: Special Guest    10/12/2018

SAM is a series of kits that integrates hardware and software with the Internet. Combining wireless building blocks composed of sensors and actors con…

Read More

Facebook Marketplace Now Leverages AI

By: Paula Bernier    10/3/2018

Artificial intelligence is changing the way businesses interact with customers. Facebook's announcement this week is just another example of how this …

Read More

Oct. 17 Webinar to Address Apache Spark Benefits, Tools

By: Paula Bernier    10/2/2018

In the upcoming webinar "Apache Spark: The New Enterprise Backbone for ETL, Batch and Real-time Streaming," industry experts will offer details on clo…

Read More

It's Black and White: Cybercriminals Are Spending 10x More Than Enterprises to Control, Disrupt and Steal

By: Cynthia S. Artin    9/26/2018

In a stunning new report by Carbon Black, "Hacking, Escalating Attacks and The Role of Threat Hunting" the company revealed that 92% of UK companies s…

Read More

6 Challenges of 5G, and the 9 Pillars of Assurance Strategy

By: Special Guest    9/17/2018

To make 5G possible, everything will change. The 5G network will involve new antennas and chipsets, new architectures, new KPIs, new vendors, cloud di…

Read More