Mobile venture capital investments grow to reach pre-crisis levels
Mobile venture capital investment took a sharp turn upwards last year reaching $6.1 billion, almost as much as the 2006 high of $6.4 billion. The mobile industry now accounts for 34 per cent of all the venture capital in tech as CapitalIQ research showed.
The growth is mostly due to a growing average value of deals. It was estimated that there were 416 deals made last year, while in 2009 and 2008 the number of deals stood at 269 and 284, respectively. The biggest deals – of course – came from the carriers and last year they made for a third of all the financings with a total value of $2.3 billion.
Consumer mobile applications accounted for 9.8 per cent of the mobile deals with a value of $601.6 million. Interestingly, Intel Capital had the largest number of deals with 20 financings. Intel's Atom series of chipsets lack in marketshare in comparison to ARM, but the company made an attempt to regain its positions by striking a deal with Nokia for joint development of the MeeGo mobile OS. When it comes to mergers and acquisitions Google was the most active company followed by Ericsson, RIM and Apple.