CrowdStar hopes to strike mobile gold again with $10M StarFund

Since hitting the on the iOS App Store with Top Girl, CrowdStar looks like its hungry for another hit in the mobile games space. Well, another 40 hits, to be exact. The social game developer recently launched StarFund, a $10 million fund that the company will use to back independent mobile game developers, $250 thousand at a time, Mobile Entertainment reports.

StarFund has been made possible in part by YouWeb, the developer's original incubator, or a company that oversees a start up's first stages of life to ensure its survival with funding and other resources. Apparently, YouWeb has deep pockets, and is ready to lighten them on the burgeoning mobile games scene. And that's quite alright by CrowdStar.

"What we know is that great teams and products can still get to the top in mobile social gaming," CrowdStar head of mobile Blair Hamilton said. "With StarFund, we are looking to fund the next stars in mobile social games."

Who knows, with 40 more mobile games slated to release with the help of CrowdStar and YouWeb, perhaps one of them will finally knock Angry Birds off of its feathery throne. Better yet, maybe this will help the It Girl creator to become a worthy opponent for Zynga and EA on the iPhone.

Do you think CrowdStar has a chance against the competition with its StarFund? What other types of games do you hope to see come from the company aside from It Girl and Top Girl? Sound off in the comments. Add Comment.