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Mobile VC Funding Hits $600M in November

Dan Jones
12/23/2013
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Mobile photo apps are still pulling in the big bucks in Rutberg & Co's survey of November mobile venture capital funding.

Private mobile-focused companies raised $600 million in 121 venture capital deals, according to Rutberg & Co. Firms raised $905 million in 122 venture capital deals in October (See Softbank's Supercell Buy Tops Mobile M&A and Mobile Startups Grab $555M VC in September.)

So far in 2013, private companies in mobile have raised $7.7 billion in 1,063 deals. Here are the biggest investments in November:

Table 1: Top 6 Mobile VC Fundings in November

Startup Latest funding Location Developing Backers
Mobli $60M New York City Mobile photo and video app America Movil, Lance Armstrong, Tobey Maguire, Serena Williams
Kingsoft Office Software $50M Palo Alto, Calif. Mobile productivity app suite GGV Capital, Morningside Group, Shunwei China Internet Fund
Zomato Media $37M Gurgaon, India Mobile restaurant discovery app Sequoia Capital; Info Edge
Hightail (formerly Yousendit) $34M Campbell, Calif. Mobile file-sharing app Western Digital Capital; Accolade Partners, Adams Street Partners, Alloy Ventures, Emergence Capital Partners, Sevin Rosen Funds, Sigma Partners
Sungy Mobile $20M Guangzhou, China Android apps & launchers Kingsoft, Qihoo360
TinyCo $20M San Francisco, Calif. Mobile games Pinnacle Ventures; Andreessen Horowitz
Source: Rutberg & Co.

Rutberg reports that investment trends last month include the connected home, mobile CRM, retail analytics, and connected clothing.

— Dan Jones, Mobile Editor, Light Reading

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DanJones
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DanJones,
 User Rank: Blogger
12/31/2013 | 4:04:29 PM
Biggest ever quarter
http://www.cbinsights.com/blog/trends/mobile-record-vc-financing-quarter

 

CB Insights says that Q3 was mobile VC funding's biggest ever quarter.
DanJones
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DanJones,
 User Rank: Blogger
12/31/2013 | 2:39:48 PM
Flipboard BTW
Flipboard closed a $100M round in December, so there's some high-kicking earners still out there:

http://www.pehub.com/2013/12/flipboard-closes-100m-series-c/
DanJones
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DanJones,
 User Rank: Blogger
12/31/2013 | 1:58:08 PM
FYI
That makes Uber's $258M round the largest single VC round of the year.
DanJones
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DanJones,
 User Rank: Blogger
12/29/2013 | 7:31:11 PM
Re: Hightail
It's actually been pretty interesting what investment trends have emerged in 2013. More on that soon....
DanJones
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DanJones,
 User Rank: Blogger
12/27/2013 | 3:16:11 PM
Re: Hightail
Yeah. I would have guessed that Dropbox has that niche sown up but who knows?
DOShea
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DOShea,
 User Rank: Blogger
12/27/2013 | 12:12:09 PM
Hightail
More money to help the former YouSendIt go after the likes of Google and Dropbox. Interesting transition going on at that company in the last year or so since the "Peanut Butter Manifesto" guy took over as CEO.
DanJones
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DanJones,
 User Rank: Blogger
12/26/2013 | 5:14:13 PM
Re: Selfie Stars??
Or hoping to get in at the ground floor on a future mobile IPO?
DOShea
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DOShea,
 User Rank: Blogger
12/26/2013 | 11:39:38 AM
Re: Selfie Stars??
They're bidding to control the mobile media universe that will trade on their names and images anyway. Although, who really wants to see photos of Tobey Maguire on their phones?
DanJones
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DanJones,
 User Rank: Blogger
12/23/2013 | 2:52:37 PM
Selfie Stars??
You'll notice that Lance Armstrong, Tobey Maguire and Serena Williams all invested in this $60M Mobli round.Weird!
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