N3twork Raises $12 Million In Series A Funding
N3twork is a company founded by the team that sold the mobile gaming company Ngmoco to DeNA for around $400 million, Neil Young, Bob Stevenson, and Alan Yu. N3twork has raised $12 million in Series A funding led by Kleiner Perkins Caufield Byers. Floodgate and Google Ventures also participated in this round. These are the same investors that backed Ngmoco.
Founded in January 2013, N3twork’s goal is to re-imagine how people consume mobile content based around their personal interests. The N3twork team is not focused on gaming like they were at Ngmoco. They are more focused on creating a personalized experience for people that use their smartphone as their primary news source.
“When I come to the Web, I express interests and that manifests itself in pages and domains,” stated Young in an interview with AllThingsD. “I do a search, and I end up with 20 browser tabs open. Is there a better way to reorganize the Internet around interests that makes sense for these devices we use?”
Considering the N3twork team have shown tremendous success in the past, this is a company that is really worth watching. N3twork is still in beta mode so we’ll do a deeper review when they open up later.