& cplSiteName &

Mobile VC Pulls in $592.9M in February

Dan Jones
3/11/2014
50%
50%

Mobile-focused private companies made $592.9 million in new venture capital funding in February, according to the latest from the industry watchers at Rutberg & Co.

The total is down from the $1.1 billion that mobile firms found behind the VC sofa in January. Here are the top earners:

Table 1: February VC Funding: The Top 5

Startup Latest funding Location Developing Backers
Magic Leap $50M Hollywood, Fla. Wearable virtual reality device Undisclosed investors
Elementum $44M Mountain View, Calif. Mobile supply chain management applications Flextronics, Lightspeed Venture Partners
Voalte $36M Sarasota, Fla. Mobile hospital apps Bedford Funding
Ionic Security $25.5M Atlanta, GA. Enterprise mobile security systems Google Ventures, Jafco Ventures; Philip Dunkleberger, ff Venture Capital, Dr. Paul Judge, Kleiner Perkins Caufield and Byers, Ken Levine, TechOperators, Webb Investment Network
Joyme.com $21.5M Beijing, China Mobile games portal Fosun Venture Capital Investment; BlueRun Ventures
Source: Rutberg & Co.

For more on mobile startup funding, see:

— Dan Jones, Mobile Editor, Light Reading

(14)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
Page 1 / 2   >   >>
Mitch Wagner
50%
50%
Mitch Wagner,
User Rank: Lightning
3/12/2014 | 11:52:04 PM
Re: Consumer apps still rule
So it does seem there is more investment in B2C after all.

I keep expecting IT consumerization to be just a fad, and it keeps not happening.
Mitch Wagner
50%
50%
Mitch Wagner,
User Rank: Lightning
3/12/2014 | 11:47:38 PM
Re: B2b
B2B spending seems to uptick on the way out of a recession. Businesses postpone capex during a recession and then when the climate improves demand is pent up.
danielcawrey
50%
50%
danielcawrey,
User Rank: Light Sabre
3/11/2014 | 1:09:13 PM
Re: Consumer apps still rule
This Magic Leap funding is interesting. There's no disclosure of the investors. And I'm not sure how popular virtual reality headsets are going to be in the near term.

I know that the Oculus Rift can be vertigo-inducing, so I hope that the Magic Leap investors are ready for a long term ride as consumers get accustomed to an idea like this. 
DanJones
50%
50%
DanJones,
User Rank: Blogger
3/11/2014 | 10:58:07 AM
Re: B2b
Less worrying than the same thing happening in a speeding NYC cab, to me!
Sarah Thomas
50%
50%
Sarah Thomas,
User Rank: Blogger
3/11/2014 | 10:57:48 AM
Re: Magic Leap
It means they are magicians too.
Sarah Thomas
50%
50%
Sarah Thomas,
User Rank: Blogger
3/11/2014 | 10:57:04 AM
Re: B2b
I'm not sure we want those dudes texiting and working an app while driving a rickshaw in the middle of traffic, way too slowly.
DanJones
50%
50%
DanJones,
User Rank: Blogger
3/11/2014 | 10:56:42 AM
Re: Magic Leap
They're "semi-stealth" whatever that means!
DanJones
50%
50%
DanJones,
User Rank: Blogger
3/11/2014 | 10:55:24 AM
Re: B2b
Certainly if you can come up with a great mHealth, BYOD-related enterprise management system or a hip taxi app it seems like you can pull in a huge round. Hmmmm, has anyone done a taxi app for specifically hailing those rickshaw-style cycle taxis yet? Call it GreenRyde!
Sarah Thomas
50%
50%
Sarah Thomas,
User Rank: Blogger
3/11/2014 | 10:51:30 AM
Magic Leap
No clue what Magic Leap does, but it sounds awesome..."We are visionaries, rocket scientists, artificial intelligence gurus, robotics wizards, visualization jedis, software ninjas, computing hobbits, film freaks, mathematical artists, psychedelic physicists, people people, business athletes, and music lovers. We are creating a whole new user experience that we call Cinematic Reality™."
Sarah Thomas
50%
50%
Sarah Thomas,
User Rank: Blogger
3/11/2014 | 10:47:45 AM
Re: Consumer apps still rule
Ah didn't read your comment before I responded to Mitch's, but I still maintain if you're a brand new startup wanting to make a dent, you'll have a much better shot in the enterprise than the saturated consumer market. 
Page 1 / 2   >   >>
Educational Resources
sponsor supplied content
Educational Resources Archive
From The Founder
Cisco's Conrad Clemson, recently promoted to head up the company's Service Provider Apps & Platforms developments, talks to Light Reading's Founder and CEO Steve Saunders about how he's bringing cloud video, mobile and virtualization together to empower network operators.
Flash Poll
Live Streaming Video
Charting the CSP's Future
Six different communications service providers join to debate their visions of the future CSP, following a landmark presentation from AT&T on its massive virtualization efforts and a look back on where the telecom industry has been and where it's going from two industry veterans.
LRTV Custom TV
4.5G Evolution: Peter Zhou on Advanced MIMO Technologies & 5G Business Prep

2|25|17   |     |   (0) comments


In the process of service transformation, operators need to catch three major opportunities and start deploying in 4.5G networks, such as video, household broadband access and digital transformation of vertical industries. 5G is coming. Operators don't need to wait for it to happen but should progressively deploy 4.5G networks by introducing 5G-oriented ...
LRTV Custom TV
What WTTX Can Deliver

2|23|17   |     |   (0) comments


Mohamed Madkour explains the benefits of WTTX while Dimitris Mavrakis discusses the challenges of delivering home broadband access.
LRTV Custom TV
Huawei on Mobile Broadband

2|23|17   |     |   (0) comments


Mohamed Madkour shares his vision on MBB for the next three years.
LRTV Custom TV
Analysys Mason Talks About the Future of Digital Operations

2|23|17   |     |   (0) comments


The future of digital operations has three key aspects: 1. Highly automated operations for both service and network; 2. Highly converged BSS/OSS for business and resources; 3. Highly merged management and control for real-time cloud native operations.
LRTV Interviews
Software Trends in the Telecom Sector

2|23|17   |   03:40   |   (0) comments


Heavy Reading senior analyst James Crawshaw talks with Telecoms.com Editorial Director Scott Bicheno about trends and developments in the telecoms software sector and what to expect at MWC 2017.
LRTV Custom TV
Huawei's Pre-MWC Analyst Briefing 2017 Highlights

2|22|17   |     |   (0) comments


Huawei shares its vision for this year's MWC.
LRTV Interviews
MWC17: 5G, Cloud RAN & More

2|21|17   |   04:35   |   (0) comments


Ovum Senior Analyst Julian Bright talks to Scott Bicheno from Telecoms.com about all things MWC, including Cloud RAN, Huawei's pitch to the industry and the road to 5G.
LRTV Interviews
MWC 2017's Key 2-Letter Terms

2|20|17   |   08:29   |   (1) comment


5G, AI, VR... these are just some of the two-letter terms that will dominate show-floor chat at MWC 2017 in Barcelona, according to these two blow-hards (a.k.a. Scott Bicheno of Telecoms.com and Light Reading's Ray Le Maistre). And then there's PB...
LRTV Interviews
Key Trends for Mobile Operators in Developing Markets

2|20|17   |   06:37   |   (0) comments


Ovum's Matthew Reed talks to Scott Bicheno from Telecoms.com about the challenges and opportunities facing mobile operators in the developing markets of Africa and the Middle East.
LRTV Documentaries
YouTube Takes on Facebook Live-Streaming

2|17|17   |     |   (0) comments


Popular 'YouTubers' will be the first to get the new service on their smartphones. You have been warned.
LRTV Custom TV
Open Source NFV/SDN Automation

2|17|17   |   05:54   |   (0) comments


AT&T ECOMP (Enhanced Control, Orchestration, Management and Policy) code is transitioning into the Linux Foundation for placement into open source. In this video, Carol Wilson provides an update on the maturation of open source ECOMP and meets with industry leaders from AT&T, Bell Canada, Orange, Linux Foundation and Amdocs to discuss what this means for the ...
LRTV Documentaries
Uber & NASA Collaborate on Flying Car Project

2|16|17   |     |   (0) comments


Is Uber for real? Well, it's hired NASA engineer Mark Moore to lead the project, and he wouldn't come cheap.
Upcoming Live Events
March 21-22, 2017, The Curtis Hotel, Denver, CO
March 22, 2017, The Curtis Hotel, Denver, CO
March 22, 2017, The Curtis Hotel, Denver, CO
May 15-17, 2017, Austin Convention Center, Austin, TX
May 15, 2017, Austin Convention Center - Austin, TX
June 6, 2017, The Joule Hotel, Dallas, TX
All Upcoming Live Events
Infographics
With the mobile ecosystem becoming increasingly vulnerable to security threats, AdaptiveMobile has laid out some of the key considerations for the wireless community.
Hot Topics
Uber's HR Nightmare: Company Investigates Sexual Harassment Claims
Sarah Thomas, Director, Women in Comms, 2/21/2017
Broadband Has a Problem on the Pole
Mari Silbey, Senior Editor, Cable/Video, 2/21/2017
Verizon to Start Fixed 5G Customer Trials in April
Dan Jones, Mobile Editor, 2/22/2017
Sprint to Go Gigabit Crazy at MWC!
Dan Jones, Mobile Editor, 2/22/2017
MANO Marriage: ECOMP, Open-O Converge as ONAP
Carol Wilson, Editor-at-large, 2/23/2017
Like Us on Facebook
Twitter Feed
BETWEEN THE CEOs - Executive Interviews
Light Reading founder and CEO Steve Saunders chats with Sportlogiq CEO Craig Buntin about sports data analysis.
Eyal Waldman, CEO of Mellanox Technologies, speaks to Steve Saunders, CEO of Light Reading, for an exclusive interview about the 100 GB cable challenge, cybersecurity and much more.
Animals with Phones
No One Likes This Click Here
Take a hint!
Live Digital Audio

Playing it safe can only get you so far. Sometimes the biggest bets have the biggest payouts, and that is true in your career as well. For this radio show, Caroline Chan, general manager of the 5G Infrastructure Division of the Network Platform Group at Intel, will share her own personal story of how she successfully took big bets to build a successful career, as well as offer advice on how you can do the same. We’ll cover everything from how to overcome fear and manage risk, how to be prepared for where technology is going in the future and how to structure your career in a way to ensure you keep progressing. Chan, a seasoned telecom veteran and effective risk taker herself, will also leave plenty of time to answer all your questions live on the air.