Funding for startups

Mobile Funding Hits $1B in June

The mobile sector took in $1 billion in new funding this June, according to the latest report from Rutberg & Co. , with venture capital cash flowing to device makers, consumer application developers, enterprise plays and more.

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:

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.

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— Dan Jones, Site Editor, Light Reading Mobile

joset01 12/5/2012 | 5:28:09 PM
re: Mobile Funding Hits $1B in June

True, still pretty impressive either way though.

acom 12/5/2012 | 5:28:09 PM
re: Mobile Funding Hits $1B in June

Sonos (#3) is a great company and product, but its not mobile, just wireless.  Backing that investment out would put June investments flat with May.

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