Mobile VC Funding Hits $600M in November
Mobile photo apps are still pulling in the big bucks in Rutberg & Co's survey of November mobile venture capital funding.
Private mobile-focused companies raised $600 million in 121 venture capital deals, according to Rutberg & Co. Firms raised $905 million in 122 venture capital deals in October (See Softbank's Supercell Buy Tops Mobile M&A and Mobile Startups Grab $555M VC in September.)
So far in 2013, private companies in mobile have raised $7.7 billion in 1,063 deals. Here are the biggest investments in November:
Table 1: Top 6 Mobile VC Fundings in November
|Mobli||$60M||New York City||Mobile photo and video app||America Movil, Lance Armstrong, Tobey Maguire, Serena Williams|
|Kingsoft Office Software||$50M||Palo Alto, Calif.||Mobile productivity app suite||GGV Capital, Morningside Group, Shunwei China Internet Fund|
|Zomato Media||$37M||Gurgaon, India||Mobile restaurant discovery app||Sequoia Capital; Info Edge|
|Hightail (formerly Yousendit)||$34M||Campbell, Calif.||Mobile file-sharing app||Western Digital Capital; Accolade Partners, Adams Street Partners, Alloy Ventures, Emergence Capital Partners, Sevin Rosen Funds, Sigma Partners|
|Sungy Mobile||$20M||Guangzhou, China||Android apps & launchers||Kingsoft, Qihoo360|
|TinyCo||$20M||San Francisco, Calif.||Mobile games||Pinnacle Ventures; Andreessen Horowitz|
|Source: Rutberg & Co.|
Rutberg reports that investment trends last month include the connected home, mobile CRM, retail analytics, and connected clothing.
— Dan Jones, Mobile Editor, Light Reading