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Stats drop: Plus+ has 13.5 million active users, and hosts 60 million ngmoco gameplay minutes per day

And how ngmoco was valued

Stats drop: Plus+ has 13.5 million active users, and hosts 60 million ngmoco gameplay minutes per day
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I've already covered various elements of Neil Young's Evolve 2010 talk about ngmoco - 'How we started, what we've learned & what's next...'

Still, there are a couple of points worth dwelling on.

One is a number dump of where ngmoco - which has 140 employees - currently is as a mobile social network.

It's done 60 million downloads of its published games.

There have been 81 million installs of games using its Plus+ platform.

There are 13.5 million active Plus+ users, who have 55 million friend connections.

The Plus+ networks hosts around 60 million gameplay minutes per day of ngmoco owned games. (Note: this isn't the total number of minutes across all Plus+ enabled titles).

As a comparison, Rovio says Angry Birds does 65 million minutes of gameplay daily on iOS devices.

Elastic value

When it comes to money, the company did four funding rounds, worth in total $45 million.

In June 2008, it raised $5 million in initial funding, giving the company a nominal VC valuation of $13.6 million.

In March 2009, it raised a further $10 million, gaining it a valuation of $40 million.

In December 2009, a $25 million round saw the company's valuation up to $90 million.

Its final round of $5 million was in June 2010, which wasn't required operationally but was undertaken to tighten its relationship with Google and hence focus it for the nascent Android market. This provided a nominal valuation of $170 million.

In October, DeNA paid $303 million in cash, shares and warrants for ngmoco, with a further $100 million due dependent on future performance.

Jon Jordan
Jon Jordan
A Pocket Gamer co-founder, Jon can turn his hand to anything except hand turning. He is editor-at-large at PG.biz which means he can arrive anywhere in the world, acting like a slightly confused uncle looking for the way out. He likes letters, cameras, imaginary numbers and legumes.