socialmedian: Vcs pass $100m in iphone funding... (VentureBeat / TechNews AM)

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Vcs pass $100m in iphone funding... (VentureBeat TechNews AM)

Submitted by Mogston from blog

Jul 03, 2009

Summary

Among companies developing solely for the iPhone, social network startups have drawn more VC investment money than games, according to startup investment tracker Chubby Brain’s latest set of charts. Listing 22 rounds of funding for 17 companies, Chubby accounted for over $100 million in investments, with a median level of $3.45 million.
The most active investor is Kleiner Perkins Caufield and Byers, which has a $100 million iFund from which it has invested in at least five companies — Booyah, GOGII, iControl, ng:moco, and Pelago...