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Funding for startups

Mobile Startups Raised $801.9M in July

More than 70 mobile startups closed US$801.9 million in new funding this July, according to the latest data from Rutberg & Co.

The wireless researchers note that the investments were mainly in the telecom, media and applications and device sectors. Individual startups in the 4G LTE, Bluetooth hardware and mobile cloud sectors grabbed the biggest individual pieces of the mobile-funding pie:

  • LightSquared raised another $265 million from "new and existing investors." (See LightSquared Grabs $265M, Gets Ready to Deploy Network.)

  • San Francisco-based Jawbone, which develops noise-eliminating Bluetooth headsets, took in $70 million from JP.MorganChase . Jawbone, which already has a range of smartphone accessories available, has now raised well over $100 million in funding.

  • Mobile cloud startup Evernote Corp. , which allows users to write quick notes on various mobile devices and access them "anywhere," pulled in $50 million from Morganthaler Ventures and Sequoia Capital . (See Seeding the Cloud.)

  • Tango, which has developed a video-calling app, gathered $42 million from multiple investors.

  • Road traffic data provider Inrix pulled in $37 million from August Capital and Kleiner Perkins Caufield & Byers .

    Exit offerings, however, for well-heeled mobile startups in August and beyond may look more tricky with the current roller-coaster stock markets worldwide. Reuters reports that 3-D mobile motion-sensing startup InvenSense postponed its expected $99.8 million IPO this week because of the tough market.

    — Dan Jones, Site Editor, Light Reading Mobile

  • joset01 12/5/2012 | 4:56:28 PM
    re: Mobile Startups Raised $801.9M in July

    pretty amazing that a post-it note in the sky cloud service can gather so much cash.

    sarahthomas1011 12/5/2012 | 4:56:27 PM
    re: Mobile Startups Raised $801.9M in July

    hah. Agreed, although I'm a big fan of the app -- it's pretty robust (location & photo tags, voice capabilities, etc.) for your mobile note-taking needs.

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