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Devices/smartphones

Mobile VC Holds Steady at $1.3B in July

Private mobile companies raised $1.3 billion in July in 109 funding deals, according to the latest report from Rutberg and Co.

The July total was below June's whopping $2.3 billion mobile venture capital haul. That month's total was bloated with a massive $1.2 billion round for taxi app Uber. In comparison, during May 2014, private companies in mobile raised $826 million in 107 venture capital deals.

Here for the top five earners for July:

Table 1: Top 5 Funded Mobile Startups in July

Company Location Funding Amount Developing Backers
Meizu Zhuhai, China $324M Android-based smartphones Undisclosed
Kabam San Francisco $120M Mobile games Alibaba
BlaBlaCar Paris, France $100M A long distance ride-sharing app Index Ventures; Accel Partners, ISAI, Lead Edge Capital
NextNav Sunnyvale, Calif. $70M Indoor and urban location services New Enterprise Associates, Oak Investment Partners; Columbia Capital, Goldman Sachs, Telcom Ventures
Gumi Tokyo, Japan $50M Mobile social games World Innovation Lab; B Dash Ventures, DBJ Capital, GREE, JAFCO, Mitsubishi UFJ Capital, Sega Networks, Shinsei Business Investment
Source: Rutberg & Co.

The Chinese were well represented in Rutberg & Co. 's July list. Meizu, with $324 million from undisclosed backers, is an Android smartphone developer in close rivalry with the Xiaomi smartphones that are popular domestically.

Massive social network Alibaba, meanwhile, is funding US game developer Kabam.

Mobile ride-sharing and taxi applications are also still hot. Alongside $100 million for BlaBlaCar, Berlin's EasyTaxi grabbed $40 million in funding, and Olacabs out of Bangalore, India, pulled in $41.5 million for its taxi app.

Follow more of the money below:

— Dan Jones, Mobile Editor, Light Reading

DanJones 8/13/2014 | 3:49:25 PM
Re: BlaBlaCar in America Whose expectations exactly?
SachinEE 8/13/2014 | 8:17:19 AM
BlaBlaCar in America The fact that the July contributions were far much lower than our expectations is quite alarming. The step that the massive social network Alibaba has taken towards funding the US game developer Kabam is a good one. The fact that the mobile – ride sharing and taxi applications are still hot is also encouraging. I think that cars such as the BlaBlaCar should be introduced into the American roads. This is because it has a potential of rising up and taking over a wider section of the rideshare websites.
DanJones 8/12/2014 | 2:03:13 PM
Re: BlaBlaCar Definitely parts of Europe where long distance ride-shares can be good (remote Scotland, rural France, parts of Eastern Europe).

At what point do we reach saturation with ride-share/alt-taxi apps though? Has it actually already happened perhaps?
danielcawrey 8/11/2014 | 8:25:19 PM
BlaBlaCar BlaBlaCar sounds interesting - we've seen the power of Uber and Lyft here in the states.

But with some many roads to drive in America, I would think something like BlaBlaCar would rise up and take over Craigslist's 'rideshare' section of its website. Is long distance ridesharing really more popular in Europe?
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