Tango – and its cash – dances to the top of the VC funding table in March.

Dan Jones, Mobile Editor

April 14, 2014

2 Min Read
Mobile VC Tops $1B in March Madness

The massive $280 million round for video-calling startup Tango led to a blow-out March for mobile venture capital funding, according to the latest report from Rutberg & Co.

Rutberg & Co. reports that private companies raised $1.1 billion in 118 venture capital deals in March. Mobile VC deals pulled in $592.5 million.

This does appear to be shaping up as a significant year for mobile venture capital so far, though, both January and March have clocked over $1 billion in funding. As you'll see in the table below, there were several other significant rounds in March too, which could have topped the chart in many other months:

Startup

Latest funding

Location

Developing

Backers

Tango

$280M

Mountain View, Calif.

Mobile video calling app

Alibaba; Access Industries, Draper Fisher Jurvetson, Qualcomm Ventures, Bill Tai, Toms Capital, TransLink Capital, Shimon Weintraub, Jerry Yang, Alex Zubilaga, Individual investors

FunPlus

$74M

Beijing, China

Mobile social games management applications

GSR Ventures, Orchid Asia Group, Steamboat Ventures

ServiceMax

$71M

Pleasanton, Calif.

Mobile field service management

Meritech Capital Partners; Adams Street Partners, Cross Creek Advisors, Crosslink Capital, Emergence Capital Partners, Kleiner Perkins Caufield & Byers, Mayfield Fund, QuestMark Partners, Salesforce, Sozo Ventures, Trinity Ventures

MuleSoft

$50M

San Francisco

Mobile Enterprise systems

Lightspeed Venture Partners, Meritech Capital Partners, New Enterprise Associates

Whisper

$30M

Santa Clara, Calif.

Anonymous mobile social network

Shasta Ventures; Lightspeed Venture Partners, Sequoia Capital, Tencent, Thrive Capital

Rutberg & Co.

For more on mobile startup funding, see:

— Dan Jones, Mobile Editor, Light Reading

About the Author(s)

Dan Jones

Mobile Editor

Dan is to hats what Will.I.Am is to ridiculous eyewear. Fedora, trilby, tam-o-shanter -- all have graced the Jones pate during his career as the go-to purveyor of mobile essentials.

But hey, Dan is so much more than 4G maps and state-of-the-art headgear. Before joining the Light Reading team in 2002 he was an award-winning cult hit on Broadway (with four 'Toni' awards, two 'Emma' gongs and a 'Brian' to his name) with his one-man show, "Dan Sings the Show Tunes."

His perfectly crafted blogs, falling under the "Jonestown" banner, have been compared to the works of Chekhov. But only by Dan.

He lives in Brooklyn with cats.

Subscribe and receive the latest news from the industry.
Join 62,000+ members. Yes it's completely free.

You May Also Like