“From South Korea-based KakaoTalk to Cypriot startup Viber, mobile messaging apps are being used by millions globally. And as mobile messaging startups continue to proliferate, venture capital investors are stepping in to fund them.”
Who said it: CB Insights
In Context: In an excerpt from one of its latest VC funding research reports, CB Insights said that financing for mobile messaging startups has increased by 60% this year. The segment is hovering up money, USD 212 million in 35 deals. Over half of that funding came in Q2’13, as Snapchat, Kik Interactive and MessageMe all took financing rounds in the tens of millions from prominent VCs including Benchmark Capital, Andreessen Horowitz and Union Square Ventures, it said. Geographically, mobile messaging has evolved into a global, and rather fragmented, market. For example, international markets including Japan, South Korea, Finland and Canada all saw at least one mobile messaging venture deal over the past two years. Venture-backed mobile messaging startups in the U.S. tend to reside in either Silicon Valley (40% of all deal activity) or SoCal (17%).
Where we found it: CB Insights