September Funding Flowed Toward Mobile

“Of the 39 digital media startups that received venture capital funding in September, 15 are developing products and services around mobile devices”, according to San Francisco-based Rutberg & Co. “The 39 funding rounds that took place during September raised a total of $313 million. Companies that develop technology that creates, enables, or delivers some kind of mobile content took $153 million of that total. In several of the funding events for mobile-focused companies the funding amount was not publicly disclosed.”

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