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Mobile VC Bumps Up to $868M in December

Dan Jones
1/28/2014
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Mobile startups pulled in $868 million in December 2013, according to the latest report from Rutberg & Co, with device management and mobile application ventures attracting some of the big bucks.

Rutberg & Co. reported that the $868 million was spread across 105 deals last month. Mobile VC deals totaled $600 million in November. (See Mobile VC Funding Hits $600M in November and Mobile Startups Grab $555M VC in September.)

Here are the top five mobile VC earners in December:

Table 1: Top 5 Mobile VC Fundings in December

Startup Latest funding Location Developing Backers
OpenPeak $93M Boca Raton, FL Mobile device & app management AT&T
Planet Labs $52M San Francisco, Calif. Miniature imaging satellites Yuri Milner; Felicis Ventures, Industry Ventures, Lux Capital, Ray Rothrock
Flipboard $50M Palo Alto, Calif. Mobile news aggregation app Rizvi Traverse Management; Goldman Sachs, Index Ventures, Insight Venture Partners, Kleiner Perkins Caufield & Byers
Snapchat $50M Pacific Palisades, Calif. An ephemeral photo messaging app Coatue Management
Foursquare $35M New York City A location-based mobile social network Capital Group, DFJ Growth
Source: Rutberg & Co.

Mobile device and application management remains a hot investment trend. Rutberg says that AT&T Inc. (NYSE: T) pumped $93 million into OpenPeak, a company that provides a white-label mobile management system for partners. (See VMware to Buy AirWatch for $1.54B.)

— Dan Jones, Mobile Editor, Light Reading

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Dan@LightReadingMobile
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Dan@LightReadingMobile,
User Rank: Blogger
1/29/2014 | 12:48:28 PM
Re: OpenPeak?
It appears to provide tech that AT&T can label as it own when it provides device managment to enterprises.
SarahReedy
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SarahReedy,
User Rank: Blogger
1/29/2014 | 12:45:10 PM
Re: OpenPeak?
Yeah, interesting that AT&T is a big investor. I wonder how it gels with AT&T's other MDM plays, which it built mainly out of acquisitions, like AT&T Toggle.
Dan@LightReadingMobile
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Dan@LightReadingMobile,
User Rank: Blogger
1/28/2014 | 11:41:11 AM
OpenPeak?
Do we see them as another MDM acquisition target?
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