Mobile Grabs $813.6M in February Funding

Device managment, tower services and cheap VoIP companies each pull in over $100M to top the list of Feb. funding from Rutberg & Co.

Dan Jones, Mobile Editor

March 6, 2013

1 Min Read
Mobile Grabs $813.6M in February Funding

Enterprise mobility, voice-over-IP and tower management startups scored big for venture capital in February. The latest report from Rutberg & Co. finds that between Feb. 1 and Feb. 28, 82 private mobile companies reported $813.6 million in new financing. The analysts say the funding mainly went to the enterprise infrastructure, consumer application and mobile media infrastructure sectors. The top three earners for the month were: AirWatch: An Atlanta-based company that provides mobile device management systems to business customers. The company got $200 million from Insight Venture Partners. TruPhone: This London-based company develops low cost voice-over-IP software. The company got $118 million in February from the Russian business tycoon Roman Abramovich, who is currently worth over $10 billion, according to Forbes. Mobilitie: A Newport Beach, Calif.-based company that provides tower management and other telecoms infrastructure services. The company got $100 million from Shamrock Capital Advisors. Bubbling under this month were medical software providers and a raft of media and social app providers grabbing VC funding. — Dan Jones, Site Editor, Light Reading Mobile

About the Author(s)

Dan Jones

Mobile Editor

Dan is to hats what Will.I.Am is to ridiculous eyewear. Fedora, trilby, tam-o-shanter -- all have graced the Jones pate during his career as the go-to purveyor of mobile essentials.

But hey, Dan is so much more than 4G maps and state-of-the-art headgear. Before joining the Light Reading team in 2002 he was an award-winning cult hit on Broadway (with four 'Toni' awards, two 'Emma' gongs and a 'Brian' to his name) with his one-man show, "Dan Sings the Show Tunes."

His perfectly crafted blogs, falling under the "Jonestown" banner, have been compared to the works of Chekhov. But only by Dan.

He lives in Brooklyn with cats.

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