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
|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.
- The Best-Funded Mobile Startups of 2013
- Altair Raises $25M for Single-Mode LTE
- FreedomPop Grabs $5M to Support Android Push
- Qwilt Banks $16M in New Funding
- Calient Raises $27M, Names CFO
— Dan Jones, Mobile Editor, Light Reading