Rutberg: Mobile firms raised $4.2B in venture capital globally in January

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

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