Light Reading
Tango - and its cash - dances to the top of the VC funding table in March.

Mobile VC Tops $1B in March Madness

Dan Jones
4/14/2014
50%
50%

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:

Table 1: March VC Funding: The Top 5

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

(5)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View
R Clark
50%
50%
R Clark,
User Rank: Blogger
4/15/2014 | 12:19:43 AM
Re: Tango - 9th largest mobile VC funding in last 15 years
$280m is a lotta loot for Tango - the WhatsApp effect I guess.

Interesting bunch of investors.

Has anyone here used it? I just downloaded it. Seems friendly enough,  if I can find the time for another social networking app.

 

 
DanJonesLRMobile
50%
50%
DanJonesLRMobile,
User Rank: Light Sabre
4/14/2014 | 2:58:23 PM
Re: Tango - 9th largest mobile VC funding in last 15 years
And what kind of companies can even afford to buy...
SarahReedy
50%
50%
SarahReedy,
User Rank: Blogger
4/14/2014 | 2:13:59 PM
Re: Tango - 9th largest mobile VC funding in last 15 years
Wow. So I guess the lesson is that funding is not necessarily an indicator of success. But, it should give us some pretty clear ideas about what companies are acquisition targets or IPO hopefuls.
DanJonesLRMobile
50%
50%
DanJonesLRMobile,
User Rank: Light Sabre
4/14/2014 | 11:50:38 AM
Tango - 9th largest mobile VC funding in last 15 years
Rutberg says 9th largest mobile VC funding in last 15 years. Uber's round was ranked 12th. Clearwire (RIP) is still number 1 with $900M in 2006.
SarahReedy
50%
50%
SarahReedy,
User Rank: Blogger
4/14/2014 | 10:30:15 AM
Games + Social + Enterprise
Mobile games, social and enterprise take the cake again.

As a side note, Whisper is a pretty creepy and sad little social network...
Flash Poll
From The Founder
It's clear to me that the communications industry is divided into two types of people, and only one is living in the real world.
LRTV Documentaries
Paul Bunyan's Giant Gigabit Plans

12|22|14   |   03:26   |   (0) comments


Gary Johnson, the CEO and GM of Minnesota rural operator Paul Bunyan Communications, discusses the company's 5,000-square-mile gigabit network rollout.
LRTV Interviews
CenturyLink: Building the Case for NFV

12|19|14   |   02:14   |   (0) comments


At the 2020 Vision Executive Summit, James Feger, VP, Network Strategy & Development at CenturyLink, talks about how the US operator is approaching virtual network functions from an operational and business case perspective.
LRTV Interviews
Liberty Global Sees Business Goldmine

12|18|14   |     |   (0) comments


Steen Sorensen, VP of business services for Liberty Global, explains where the giant international MSO sees growth potential.
LRTV Documentaries
EE: The Road to 5G

12|16|14   |   16:02   |   (1) comment


Andy Sutton, the principal network architect at UK mobile operator EE, explains how his company is using Wembley stadium as a wireless test bed and how that's helping EE to plan the evolution to 5G.
LRTV Huawei Video Resource Center
Highlights of Huawei's NFV Open Cloud Forum 2014

12|16|14   |     |   (0) comments


Huawei hosted its inaugural NFV Open Cloud Forum during the SDN & OpenFlow World Congress 2014 in Düsseldorf, Germany. The Forum brought together technology thought leaders, senior executives and telecom professionals from global carriers, industry associations, as well as other partner companies in the ecosystem, to exchange views on and collectively explore how ...
LRTV Custom TV
Realizing Operators' Digital Vision

12|16|14   |   5:23   |   (0) comments


Leveraging technology is fundamental to digital transformation but understanding customers and serving them really well is at the heart of digital businesses. TM Forum lists the following as the strategic pillars of the digital business: business agility and rapid innovation, operational agility and effectiveness, IT and data centricity, plus customer centricity. ...
LRTV Documentaries
US Cellular Injects Analytics Into LTE

12|16|14   |   2:57   |   (1) comment


US Cellular's Mario Vela explains how the operator uses analytics for network planning and what comes next as the carrier looks to eke more value out of its metrics.
LRTV Interviews
How Cox Biz Plans to Keep Growing

12|15|14   |     |   (2) comments


Steve Rowley, SVP of Cox Business, details how the third-biggest US MSO intends to boost its revenues to $2 billion and beyond over the rest of the decade
LRTV Huawei Video Resource Center
Interview With Bill Zhang, Director of SoftCOM Product Management, Huawei

12|15|14   |   2:50   |   (0) comments


Bill Zhang elaborated on Huawei's open philosophy in NFV solution development and network architecture design at the SDN & OpenFlow World Congress 2014.
LRTV Huawei Video Resource Center
Event Highlights: Huawei at SDN & OpenFlow World Congress 2014

12|15|14   |   3:43   |   (0) comments


Huawei joined the 2014 SDN & OpenFlow Congress as one of the key sponsors and contributors. At the event, Huawei reinforced the openness and flexibility of its network infrastructure strategies, and provided updates on its SDN and NVF innovations. Through participations at the exhibitions, forums and speeches, Huawei encouraged the industry to "think bigger and ...
LRTV Interviews
How Cable Biz Services Hit $10B Mark

12|12|14   |     |   (1) comment


Cable operators reached $10 billion in annual business services revenues by delving deeper into their vertical markets and expanding beyond the smallest firms.
LRTV Documentaries
Mediacom Aims to Test Connected Tractors

12|11|14   |   05:07   |   (3) comments


Cable business service provider is taking its services to the 'agribusiness' sector in partnership with farm equipment specialist John Deere and is getting involved in Gigabit Cities developments.
Upcoming Live Events
February 10, 2015, The Westin Peachtree Plaza, Atlanta, GA
March 17, 2015, The Cable Center, Denver, CO
April 14, 2015, The Westin Times Square, New York City, NY
May 6, 2015, McCormick Convention Center, Chicago, IL
May 13-14, 2015, The Westin Peachtree, Atlanta, GA
June 9-10, 2015, Chicago, IL
Hot Topics
T-Mobile, BlackBerry Flirt With Reuniting
Sarah Reedy, Senior Editor, 12/17/2014
1-Gig: Coming to a Small Town Near You
Jason Meyers, Senior Editor, Gigabit Cities/IoT, 12/17/2014
Comcast Launches 4K Streaming Service
Alan Breznick, Cable/Video Practice Leader, 12/18/2014
US Carriers, You're Going to Cuba!
Mitch Wagner, West Coast Bureau Chief, Light Reading, 12/18/2014
Google Steering Android Towards Cars – Report
Dan Jones, Mobile Editor, 12/19/2014
Like Us on Facebook
Twitter Feed
Webinar Archive