Pocket Gems, a San Francisco, CA-based developer of mobile social games, has raised $5m in growth financing.
The round was led by Sequoia Capital, with participation from Michael Dearing, an eBay veteran and associate professor at the Stanford University Institute of Design, Jeff Fluhr, co-founder and former CEO of StubHub, and Omar Hamoui, founder of AdMob.
In conjunction with the funding, Sequoia Capital Partner Jim Goetz will join the company’s board.
The company intends to use the capital to expand its engineering team.
Founded in 2009 by Daniel Terry (CEO) and Harlan Crystal (CTO), later that year, Pocket Gems launched its first game, Tap Farm, for the iPhone followed by Tap Store, Tap Jungle, Tap Zoo and Tap Zoo Christmas.
All games are free-to-play and generate revenues from the sale of virtual goods.
FinSMEs
15/12/2010