VC funding set to boost Pocket Gems expansion
US mobile social games developer Pocket Gems has announced that it made more than $1 million of revenues last month from its five iOS games.
The freemium titles - Tap Zoo, Tap Farm, Tap Store, Tap Jungle and Tap Zoo Christmas - have been downloaded nearly 18 million times, and make their money from sales of virtual items via in-app purchase.
The company added 2.5 million new installs in December. During that month, Pocket Gems also secured a $5 million investment round led by Sequoia Capital.
More details can be found over at Develop's sister site Mobile Entertainment
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Actually, by "multi-million" we meant more than $2M a month. We've been doing $1M a month for a while! See story from last month where we mentioned it: http://www.nytimes.com/external/venturebeat/2010/12/15/15venturebeat-pocket-gems-fills-its-pockets-with-5m-from-se-7784.html
-harlan, Co-Founder Pocket Gems
