Uber Drives June Mobile VC to $2.3B

Uber's massive funding round drove a blow-out $2.3 billion month of mobile VC funding in June.

Rutberg & Co. says that that 101 mobile funding deals netted startups and private companies a whopping $2.3 billion in June. In contrast, during May 2014, private companies in mobile raised $826 million in 107 venture capital deals.

Rutberg reports that the Uber round is the largest it has ever seen since starting to track the sector. "[Uber's $1.2 billlion financing ] marks the largest venture capital financing since we began tracking investments in 2001 and values the firm at a $18.2 billion post-money valuation," the report notes. Clearwire had previously secured the single largest round with $900 million in 2006. (See The Best-Funded Mobile Startups of 2013 and Clearwire Nabs $900M, Nixes IPO.)

Even without the Uber round, private companies pulled in $1.1 billion in funding in June.

Here are the top five deals:

Follow more of the money below:

— Dan Jones, Mobile Editor, Light Reading