Latest in Apple

Image credit:

Kleiner Perkins iFund doubles to $200m, investing in iPad apps from Shazam, ngmoco and more

Nilay Patel
March 31, 2010
Share
Tweet
Share

Sponsored Links

Apple said it expects the iPad to be a "second gold rush" of app development as consumers rush to add content to their new devices, and it looks like Kleiner Perkins Caufield & Byers agrees: the venture capital firm just announced that it's expanding the iFund to $200 million to invest in iPad app development. If you'll recall, the iFund was originally announced alongside the iPhone OS 2.0 SDK, and provided $100 million in total investments to 14 iPhone app developers like Shazam, ngmoco, and Shopkick -- companies responsible for 18 apps that have hit the App Store Top 10. Keep in mind that this money was promised before the iPhone App Store was even launched -- so given how that bet paid off, it's not surprising that KPCB's decided to double down on the iPad, which looks like it'll have even higher app prices. Along with the announcement, some iFund devs announced the following iPad apps:

  • Pinger: Doodle Buddy and Starsmash
  • Booyah: MyTown, a popular location-based game
  • Shazam: Shazam, optimized for the new screen size,
  • ngmoco: Flick Fishing, a new MMO called CastleCraft, Charadium (described as "massively multiplayer Pictionary"), God Finger, We Rule, WarpGate, and one more we missed -- anyone catch it?
  • GOGII: TextPlus
Nothing too surprising here, but it looks like the heavy hitters are going to be on the iPad bandwagon from day one -- and pushing hard for this thing to be a success.


All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Share
Tweet
Share

Popular on Engadget

Live PlayStation 5 photos reveal a truly giant console

Live PlayStation 5 photos reveal a truly giant console

View
Microsoft releases a final preview for Windows 10's October update

Microsoft releases a final preview for Windows 10's October update

View
MIT algorithm finds subtle connections between art pieces

MIT algorithm finds subtle connections between art pieces

View
Sony apologizes for botched PlayStation 5 pre-orders

Sony apologizes for botched PlayStation 5 pre-orders

View
The best wireless earbuds you can buy right now

The best wireless earbuds you can buy right now

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr