& cplSiteName &

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        ADD A COMMENT
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...
Sarah Thomas
50%
50%
Sarah Thomas,
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.
Sarah Thomas
50%
50%
Sarah Thomas,
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...
Featured Video
From The Founder
The world of virtualization is struggling to wrench itself away from the claws of vendor lock-in, which runs counter to everything that NFV stands for.
Flash Poll
Upcoming Live Events
March 20-22, 2018, Denver Marriott Tech Center
March 22, 2018, Denver, Colorado | Denver Marriott Tech Center
March 28, 2018, Kansas City Convention Center
April 4, 2018, The Westin Dallas Downtown, Dallas
April 9, 2018, Las Vegas Convention Center
May 14-16, 2018, Austin Convention Center
May 14, 2018, Brazos Hall, Austin, Texas
September 24-26, 2018, Westin Westminster, Denver
October 9, 2018, The Westin Times Square, New York
October 23, 2018, Georgia World Congress Centre, Atlanta, GA
November 8, 2018, The Montcalm by Marble Arch, London
November 15, 2018, The Westin Times Square, New York
December 4-6, 2018, Lisbon, Portugal
All Upcoming Live Events
Hot Topics
Has Europe Switched to a Fiber Diet? Not Yet...
Ray Le Maistre, Editor-in-Chief, 2/15/2018
Will China React to Latest US Huawei, ZTE Slapdown?
Ray Le Maistre, Editor-in-Chief, 2/16/2018
IBM, Microsoft Duke It Out Over Chief Diversity Hire
Sarah Thomas, Director, Women in Comms, 2/15/2018
5G: The Density Question
Dan Jones, Mobile Editor, 2/15/2018
21st Century Networking? Welcome to the Lock-In
Steve Saunders, Founder, Light Reading, 2/20/2018
Animals with Phones
Live Digital Audio

A CSP's digital transformation involves so much more than technology. Crucial – and often most challenging – is the cultural transformation that goes along with it. As Sigma's Chief Technology Officer, Catherine Michel has extensive experience with technology as she leads the company's entire product portfolio and strategy. But she's also no stranger to merging technology and culture, having taken a company — Tribold — from inception to acquisition (by Sigma in 2013), and she continues to advise service providers on how to drive their own transformations. This impressive female leader and vocal advocate for other women in the industry will join Women in Comms for a live radio show to discuss all things digital transformation, including the cultural transformation that goes along with it.

Like Us on Facebook
Twitter Feed