Mobile in Boston
13 Jul 2009
Q2 2009 yielded a total of $81 million in investment for mobile companies based in and around Boston. A series of smaller investment rounds dominated Q2 as six out of seven companies receiving funding in Q2 raised less than $10 million from venture capitalists. While total investment declined from Q109 to Q209, VC funding increased from $39.4 million to $58.8 million.
Lilliputian Systems raised $28 million
Ember Corp. raised $8 million
Reva Systems raised $5 million
Convergence Inc was acquired for $22.8 million
Viximo raised $5 million
Azuki Systems raised $6 million
Celtra raised $1.2 million
Beaumaris Wireless raised $5.3 million
Notable mentions: E Ink’s $215 million sale to Prime View International is still pending, LogMeIn IPO in July raising $107 million, ending the IPO draught.
* This data & post was assembled by Amir Shaikh, Mobile Monday Boston’s summer intern.
