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
The Rise of Virtual CPE

1|27|15   |   01:38   |   (1) comment


As NFV strategies evolve from tests and trials to production telco networks, expect to hear a lot about virtual CPE (customer premises equipment) rollouts during 2015.
LRTV Documentaries
Optical Is Hot in 2015

1|23|15   |   01:56   |   (2) comments


Optical comms technology underpins the whole communications sector and there are some really hot trends set for 2015.
LRTV Custom TV
Policy Control in the Fast Lane

1|22|15   |   2:57   |   (0) comments


What's making policy control strategic in 2015 and beyond? Amdocs talks with Heavy Reading's Graham Finnie about the key factors driving change in the data services landscape. Find out what his policy management research reveals about the road ahead for policy control – and sign up for
LRTV Documentaries
Highlights From the 2020 Vision Executive Summit

1|21|15   |   4:33   |   (2) comments


In December 2014, Light Reading brought together telecom executives in Reykjavik, Iceland to discuss their vision for high-capacity networks through the end of the decade. The intimate, interactive meeting was set against the backdrop of Iceland's spectacular natural beauty. As one of the event's founding sponsors, Cisco's Doug Webster shared his company's ...
LRTV Huawei Video Resource Center
Huawei Pay-TV Partner Harmonic, Helping Carriers Accelerate 4K Video Deployment with Huawei

1|20|15   |   5:42   |   (1) comment


At IBC, Peter Alexander, Senior Vice President & CMO at Harmonic, speaks about the growing interest in pay-TV service and its branching into multiple devices.
LRTV Huawei Video Resource Center
Sony Marketing Director Olivier Bovis Discusses the Outlook for 4K and Cooperation With Huawei at IBC 2014

1|20|15   |   6:50   |   (0) comments


At IBC, Olivier Bovis, Marketing Director of Sony, speaks about the coming of the 4K era.
LRTV Huawei Video Resource Center
Huawei Pay-TV Partner Envivio, Helping Carriers Accelerate 4K Video Deployment

1|20|15   |   2:57   |   (0) comments


At IBC, Olivier Bovis, Marketing Director of Sony, speaks about the coming of the 4K era.
LRTV Huawei Video Resource Center
Pay-TV's Networked Future

1|20|15   |   6:29   |   (0) comments


At IBC, Jeff Heynen, Principal Analyst at Infonetics, speaks about the future of the pay-TV industry and its transition.
LRTV Huawei Video Resource Center
Jeff Heynen: Distributed Access Will Help MSOs Compete in the Future

1|20|15   |   2:26   |   (0) comments


At IBC, Jeff Heynen, Principal Analyst at Infonetics, speaks about moving to distributed access and the future trend of cable business.
LRTV Interviews
Cisco Talks Transformation

1|20|15   |   13:02   |   (0) comments


In December 2014, Steve Saunders sat down with Cisco VP of Products & Solutions Marketing Doug Webster at Light Reading's 2020 Vision executive summit in Reykjavik, Iceland. They spoke about Cisco's approach to network virtualization as well as how service providers can begin to monetize high-capacity networks through the end of the decade.
LRTV Interviews
Bob Wilson, Arsenal Legend: The Light Reading Interview

1|16|15   |   35:36   |   (3) comments


Arsenal goalkeeping legend Bob Wilson was Light Reading's guest interviewee at the 2020 Vision Executive Summit in December. See what the former soccer star and sports broadcaster had to say when he took to the stage in Iceland.
LRTV Custom TV
What MEF Third Network Initiative Means for SDN & NFV

1|14|15   |   6:13   |   (0) comments


Vitesse Semiconductor CTO Martin Nuss discusses the importance of the MEF Third Network initiative and why it's good news for SDN/NFV industry initiatives.
Upcoming Live Events
February 5, 2015, Washington, DC
February 19, 2015, The Fairmont San Jose, San Jose, CA
March 17, 2015, The Cable Center, Denver, CO
April 14, 2015, The Westin Times Square, New York City, NY
May 12, 2015, Grand Hyatt, Denver, CO
May 13-14, 2015, The Westin Peachtree, Atlanta, GA
June 9-10, 2015, Chicago, IL
September 9-10, 2015, The Westin Galleria Dallas, Dallas, TX
September 29-30, 2015, The Westin Grand Müchen, Munich, Germany
November 11-12, 2015, The Westin Peachtree Plaza, Atlanta, GA
December 1, 2015, The Westin Times Square, New York City
December 2-3, 2015, The Westin Times Square, New York City
Infographics
Hot Topics
BlackBerry Wants Net Neutrality Protection – That's Just Sad
Mitch Wagner, West Coast Bureau Chief, Light Reading, 1/22/2015
FiOS Picks Up Pace Again
Alan Breznick, Cable/Video Practice Leader, 1/22/2015
Verizon Ready for Google MVNO Challenge
Dan Jones, Mobile Editor, 1/22/2015
Indiana Carrier Takes Fiber to the Farm
Jason Meyers, Senior Editor, Gigabit Cities/IoT, 1/22/2015
The New Internet Space Race: Google's Final Frontier?
Dan Jones, Mobile Editor, 1/21/2015
Like Us on Facebook
Twitter Feed
Webinar Archive