Uber's massive funding round drove a blow-out $2.3 billion month of mobile VC funding in June.
Rutberg & Co. says that that 101 mobile funding deals netted startups and private companies a whopping $2.3 billion in June. In contrast, during May 2014, private companies in mobile raised $826 million in 107 venture capital deals.
Rutberg reports that the Uber round is the largest it has ever seen since starting to track the sector. "[Uber's $1.2 billlion financing ] marks the largest venture capital financing since we began tracking investments in 2001 and values the firm at a $18.2 billion post-money valuation," the report notes. Clearwire had previously secured the single largest round with $900 million in 2006. (See The Best-Funded Mobile Startups of 2013 and Clearwire Nabs $900M, Nixes IPO.)
Even without the Uber round, private companies pulled in $1.1 billion in funding in June.
Here are the top five deals:
Table 1: Top 5 Funded Mobile Startups in June
|Uber||San Francisco||$1.2B||An on-demand mobile transportation app||Fidelity Investments; BlackRock, Google Ventures, Kleiner Perkins Caufield & Byers, Menlo Ventures, Summit Partners, Wellington Management|
|Proteus Digital Health||Redwood City, Calif.||$120M||A mobile health platform||N/A|
|Toutiao||Beijing, China||$100M||A domestic news aggregation system||Sequoia Capital; Weibo Corporation|
|Kony||Orlando, Fla.||$50M||A mobile enterprise system||SoftBank Capital; Georgian Partners, Insight Venture Partners, Telstra Ventures|
|Wish||San Francisco||$50M||A social shopping app||Founders Fund; Formation 8, GGV Capital, Legend Capital, Jerry Yang, Individual investors|
|Source: Rutberg & Co.|
Follow more of the money below:
- Uber Drives Mobile App Bubble With $1.2B VC Round
- Lyft Drives Mobile VC Funding to $1.4B in April
- Mobile VC Tops $1B in March Madness
- It Takes $280M to Tango
- Mobile VC Pulls in $592.9M in February
— Dan Jones, Mobile Editor, Light Reading