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Lyft Drives Mobile VC Funding to $1.4B in April

San Francisco-based driver-finding startup Lyft drove to the top of another huge month for mobile venture capital funding, according to the latest report from Rutberg & Co.

Rutberg & Co. reports that mobile-focused private companies raised $1.4 billion in 121 deals during April, adding to the whopping $1.1 billion raised in March this year.

Here are the top five earners in April:

Table 1: Five 5 Mobile VC Fundings in April

Company Location Funding Amount Developing Backers
Lyft San Francisco $250M Ride-share app & service Alibaba, Andreessen Horowitz, Coatue Management, Founders Fund, Mayfield Fund, Third Point Ventures
Prodea Systems Richardson, Texas $100M An Internet of Things platform Mubadala Development Company
Fuhu El Segundo, Calif. $65M A tablet for children N/A
Apigee Palo Alto, Calif. $60M An API-management system Bay Partners, BlackRock, Focus Ventures, Norwest Venture Partners, Pine River Capital Management, SAP Ventures, Third Point Ventures, Wellington Management
SimpliSafe Cambridge, Mass. $57M A connected home platform Sequoia Capital
Source: Rutberg & Co.

Rutberg also notes that Internet of Things (IoT) startups are getting plenty of money and attention from their VC pals now:

    Six IoT companies raised $174 million in April, including $100 million for Prodea Systems... Other IoT companies that raised venture capital in April include: Jasper Wireless, which raised $50 million from Temasek Holdings, a Singaporean sovereign wealth fund; Ayla Networks, which raised $14.5 million from investors including Cisco Systems, Crosslink Capital, and the IFC; Evrythng, which raised $7 million from investors including Atomico and Cisco Systems; Understory, which raised $1.9 million led by True Ventures with participation from investors including RRE Ventures and SK Ventures for its ground-level wireless weather detection network; and Huminn Mesh, which raised $300,000 from undisclosed investors.

Follow the VC money further below:

— Dan Jones, Mobile Editor, Light Reading

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mrenvoy7 3/4/2020 | 2:10:35 PM
Envoy In NYC, it still scares me but hopefully it'll deduct the amount of reducing each other off for a taxi fare. Thank for your sharing.
mahiljasani 1/21/2020 | 2:04:31 AM
Lyft Is Trending and Proving Good Services. Yes, I can call it as an best Uber clone app but the service is just splendorous. And that is why Lyft is now slowly and gradually giving good competition to the platforms like Uber.

I personally recommend you to have a ride with Lyft. 

aPurple is a one of best Uber clone app  the provider.
Betty Smith 1/15/2020 | 8:00:09 AM
Lyft is best!! Found this app similar to Lyft: https://ww.taxionthego.com
Betty Smith 12/18/2019 | 7:43:01 AM
Great!! TaxiOnTheGo is a Lyftclone app. Check out this for more details.

brain1 10/11/2019 | 8:09:27 AM
Great To Know Lyft is Going Good Lyft is doing best in taxi booking businss. I personaly love their cab service the most. Their app & software look similar to Uber but works very well. I hope they will be good competition to Uber. 
justin_evans 11/9/2018 | 1:37:17 AM
Lyft Drives Mobile VC funding Uber, the famous ride-sharing company, has revolutionized the taxi industry, which continues to increase market share, claiming 62 million rides in July 2016, up from 54 million the preceding month.  Extended in 450 cities globally, Uber has revolutionized the transportation industry, but its rise in popularity brings a few questions in mind:
  1. What does this change bring for taxi companies?
  2. How can taxi companies compete with Uber and get back market share?
  3. Will Uber keep on dominating the transportation industry in the future?

To answer these question i have read a post about best taxi dispatch apps. Will be greatful to hear your thoughts on this.
Mitch Wagner 6/8/2014 | 10:56:21 PM
Re: Lyft briandnewby - Taxi regulations generally ensure drivers are qualified and vehicles are safe. Sometimes they go too far and amount to regulatory capture, where the regulated business uses control over government to enact rules to prevent competition. Seems like a mix of both going on here.
jamesandrew684 6/6/2014 | 3:21:09 AM
Re: Lyft If government regulates these ride share services, then it ll become a quite useful for both cabbies and passengers. But still many major cities allows unregulated taxi dispatch system, however its good alternative for traditional cab services.
Mitch Wagner 5/28/2014 | 3:58:31 PM
Re: Lyft briandnewby - I suspect there's a mix of good motivations and bad in local governments' cracking down on ride-sharing services: Protecting citizens, protecting tax and fee revenue, and protecting political cronies. 
pcharles09 5/27/2014 | 7:57:32 PM
Re: Lyft That's what you would hope for. In NYC, it still scares me but hopefully it'll decrease the amount of cabs cutting each other off for a fare.
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