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Mobile VC Funding Hits $600M in November

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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