Can ngmoco become the Zynga of iPhone games? The two look surprisingly similar. Can ngmoco become the Zynga of iPhone games? $25 million says yes. That's how much the company just raised in a round led by Institutional Venture Partners, with existing investors Kleiner Perkins, Norwest Venture Partners and Maples Investments also participating. Ngmoco is the creator of popular iPhone games like Eliminate, We Rule and Touch Pets. The company also announced the acquisition of rival iPhone game developer Freeverse, another leader in the space that produces Parachute Ninja, Top Gun, NBA Hotshots, and the ever-popular Skee-ball. CEO Neil Young (not the still-kickin' 60s rocker) told TechCrunch he wants to "amass enough scale" to accelerate "away from the pack."