Sponsored By

June Mobile VC: $795M in Funding

Twilio, Snapchat and Affirmed top the charts for June's mobile VC action, according to the latest report from Rutberg & Co.

Dan Jones

July 16, 2013

1 Min Read
June Mobile VC: $795M in Funding

Financial analysts Rutberg & Co say that mobile startups have brought in US$4.1 billion in deals in the first half of 2013, a 7 percent increase over the year before.

Overall, during June 2013, private companies in mobile raised $795 million in 98 venture capital deals says the latest funding report from Rutberg. Some of the biggest earners are working on voice-to-mobile APIs, short mobile video apps and wireless network virtualization technology.

Here's how the top five earners stack up, according to Rutberg:

The top five is more U.S.-orientated and -- in particular -- more California-focused than in many previous months. Rutberg also notes that San Francisco-based Clinke, which is working on a still-secret take on mobile payments, came out strong a seed round of $25 million.

"The round is significant for being the largest disclosed seed funding in history, coming from Accel, Andreessen Horowitz, Intel Capital, Intuit, and a number of notable angels including Marc Benioff, Jim Breyer, and Peter Thiel," the Rutberg report states.

— Dan Jones, Site Editor, Light Reading Mobile

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.

Subscribe and receive the latest news from the industry.
Join 62,000+ members. Yes it's completely free.

You May Also Like