Mobile-focused private companies grabbed $555 million in new VC funding in September, according to the industry watchers at Rutberg & Co.
September's total is a little off August's haul of $738 million, which was driven by Uber. Nonetheless, private companies in mobile have so far raised $6.1 billion in 814 deals in 2013, Rutberg & Co. notes.
Here are the highest earners:
Table 1: Top 5 Mobile VC Fundings in September
|$50M||Palo Alto, Calif.||Mobile news aggregation app||Goldman Sachs, Rizvi Traverse Management|
|MobileIron||$47.5M||Mountain View, Calif.||Mobile enterprise device management||N/A|
|HotelTonight||$45M||San Francisco||Mobile hotel-booking app||Accel Partners, Battery Ventures, Coatue Management, GGV Capital, First Round Capital, US Venture Partners|
|Benu Networks||$26.6M||Billerica, MA||WiFi & Small cell systems for carriers||Comcast Ventures, Spark Capital, Sutter Hill Ventures|
|Jawbone||$20M||Santa Monica, Calif.||Connected devices||Andreessen Horowitz, Kleiner Perkins Caufield & Byers, Sequoia Capital|
|Source: Rutberg & Co.|
You might not be too shocked to learn that mobile user anonymity tools are becoming an interesting area for VC investors, too. Rutberg writes:
- This month saw four investments in companies whose products are centered on user anonymity or content impermanence. Whisper raised $15 million from Lightspeed Ventures and Sequoia Capital for its secret-sharing mobile application and website. Tic Toc Planet raised $6 million from SK Planet for its texting application with both anonymous and self-destruct features. Ad Hoc Labs raised $2 million from Founder Collective, TenOneTen, and Venrock for its mobile application that provides the user with a temporary phone number. Lastly, Ansa raised $300,000 from undisclosed investors for its messaging application with an optional self-destruct feature. We expect to see even further investment in the space as Snapchat continues to prove itself as a successful first-mover and media attention continues to focus on the government's privacy breaches.
- The Best-Funded Mobile Startups of 2013
- Mobile VC Funding in July Totals $744M
- June Mobile VC: $795M in Funding
— Dan Jones, Mobile Editor, Light Reading