Gamevice Inc. raised $12.5 million with its mobile controller

Investor interest in mobile gaming continues as Gamevice Inc., creator of a controller that snaps on a smartphone, announced today that it’s closed a $12.5 million Series A funding round.

Last year, mobile games generated $40.6 billion worldwide. People are playing games on small screens more than ever, with an uptick of 12 percent of time spent on iOS and 9 percent on Android. Despite the hours spent on mobile gaming, not a lot of people are beefing up their gaming experience with peripherals, according to a survey by market researcher IDC.