TechCrunch reports that mobile games developer Storm8 is close to securing a “massive” funding round to the tune of US$300 million — giving it a US$1 billion valuation. Investors are thought to include Accel Partners and Technology Crossover Ventures. Storm8 is the company behind such hits as World War and iMobsters, and its studio TeamLava produced hits like Restaurant Story, Bakery Story, Farm Story, and Fashion Story. The developer is thought to be on track to turnover US$100 million in revenue this year.