In total this June, 83 private companies announced a combined $1 billion in new financing, Rutberg says in a new research report released Wednesday. By way of comparison, the mobile sector took in a total of $825.1 million in May, and April saw $591.9 million in new money.
Here are June's top earners:
- Beijing-based phone and firmware developer Xiaomi Tech got $216 million from DST Global, IDG Capital and others.
- Santa Barbara, Calif.-based Sonos Inc., which makes wireless audio products, received $135 million from Elevation Partners, Kohlberg Kravis Roberts & Co. (KKR) and others.
- Wireless fleet management provider SmartDrive Systems Inc. -- out of San Diego, Calif. -- got $47 million from New Enterprise Associates (NEA) , Oak Investment Partners and others.
- Westlake Village, Calif.-based Row 44 Inc. got $45 million for its in-flight broadband platform from PAR Capital Management and Advanced Inflight Alliance AG.
- Shanghai, China-based mobile mapping software provider ddmap.com got $40 million from CID Capital and F&H Fund Management.
Why this matters June saw a diverse mix of mobile companies get funding. As well as the five highlighted, mobile advertising, payment and video companies were well-represented in the Rutberg rundown. After the early deflated reactions to the Facebook IPO, there had been worries that the air was leaking out of the mobile bubble but -- for now -- the sector is still hot with VC firms.
- Mobile Gets $825.1M in New Investment in May
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- 5 More Mobile Apps That Could Get Acquired
— Dan Jones, Site Editor, Light Reading Mobile