Investment money poured into the mobile market in January, according to new figures from investment bank Rutberg & Co., to the tune of $4.2 billion in venture capital from 118 deals.
Ride-hailing service Uber raised $1.6 billion and led the way, followed by similar services in China. Kuaidi Dache raised $600 million from Alibaba.com Hong Kong Ltd., SoftBank and Tiger Global Management; and Didi Dache raised $700 million from DST Global, Temasek Holdings and Tencent.
There were 17 growth equity rounds of $50 million or more, Rutberg said. One notable startup was WorldVu Satellites, which raised money from Qualcomm (NASDAQ:QCOM) and Virgin Group for its OneWeb mobile Internet satellite constellation. Article