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