Mobile Startups Grab $555M VC in September

The VC reign of the mobile app developers continues, but small cells and WiFi get some lovin' too in Rutberg's monthly funding survey.

Dan Jones, Mobile Editor

October 11, 2013

2 Min Read
Mobile Startups Grab $555M VC in September

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:

Startup

Latest funding

Location

Developing

Backers

Flipboard

$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

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.

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— Dan Jones, Mobile Editor, Light Reading

About the Author(s)

Dan Jones

Mobile Editor

Dan is to hats what Will.I.Am is to ridiculous eyewear. Fedora, trilby, tam-o-shanter -- all have graced the Jones pate during his career as the go-to purveyor of mobile essentials.

But hey, Dan is so much more than 4G maps and state-of-the-art headgear. Before joining the Light Reading team in 2002 he was an award-winning cult hit on Broadway (with four 'Toni' awards, two 'Emma' gongs and a 'Brian' to his name) with his one-man show, "Dan Sings the Show Tunes."

His perfectly crafted blogs, falling under the "Jonestown" banner, have been compared to the works of Chekhov. But only by Dan.

He lives in Brooklyn with cats.

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