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4G/3G/WiFi

Mobile VC Funding in July Totals $744M

July proved to be another hot month for mobile venture capital funding, with mobile antenna, software, and chip companies all pulling in a round of $40 million or more.

The VC watchers at Rutberg & Co. report that private mobile companies attracted $744 million in 97 venture capital deals last month. Through July 2013, private companies in mobile have raised $4.9 billion in 608 deals all told.

Here are the top five earners for the month.

Table 1: Top 5 Mobile VC Fundings in July

Startup Latest funding Location Developing Backers
TOA Technologies $66M Beachwood, OH Mobile field service software Technology Crossover Ventures
Kymeta $50M Redmond, WA Antennas for mobile satellite comms Bill Gates, Lux Capital
Crocus Technology $43.5M Grenoble, France Memory chips for mobile devices Idinvest Partners, Industrial Investors, Innovation Capital, Nanodimension, Rusnano, Sofinnova Ventures, Ventech
Shazam $40M London Audio recognition technology America Movil
Withings $30M Paris Mobile health devices 360 Capital Partners, Bpifrance, Idinvest Partners, Ventech
Source: Rutberg & Co.

Other interesting trends to note in July: The longtime WiFi providers Aerohive Networks Inc. and AirTight Networks Inc. both pulled in $10 million rounds. Altair Semiconductor rode the demand for LTE chips for mobile devices to pocket a $25 million round, and the almost-free mobile virtual network operator (MVNO) FreedomPop grabbed $5 million as it rushed on to Android and 4G LTE.

Related posts:

— Dan Jones, Mobile Editor, Light Reading

DanJones 8/16/2013 | 3:22:39 PM
One more to watch Quip raised $15 million from Benchmark Capital, Marc Benioff, Greylock Partners, and Yuri Milner. Led by ex-Facebook CTO Bret Taylor, Quip is a mobile-first word processing app with built-in collaboration and messaging tools. 
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