Ngmoco has raised $25 million in Series C and has acquired Freeverse. Freeverse is another top iPhone application company that sells top games such as Skee-Ball, Flick Fishing, and Flick Bowling. Ngmoco has designed games such as TouchPets and Eliminate. The investors behind Ngmoco’s new round of funding include Institutional Venture Partners (IVP), Kleiner Perkins, Norwest Venture Partners, and Maples Investments. Ngmoco now has a total of $40.6 million in funding. [TechCrunch]