KyleCB Insights has released a new report on mobile app development companies. According to the industry publication, mobile app development companies have taken in $262 million dollars in venture funding since 2012.
The magnitude of that number is all relative to how you view the overall startup world, because many startups are mobile first. In this case CB Insights is reporting on “startups that provide tools and platforms to build mobile applications.” This encompasses startups that are building apps for other companies and clients, internal apps, and web tools and do-it-yourself platforms. 59% of total funding for these startups has come since 2012.
The $262 million dollars is across 36 deals. That 59% is of the $446 million to the mobile app development space overall, reports CB Insights.
Huge acquisition deals like Facebook’s acquisition of Parse in for $85M and IBM’s $70M acquisition of Worklight in January 2012 contributed to the steady growth.
There are also mobile app development companies like Florida’s Appsbar which provides a DIY platform for small businesses and individuals looking to create apps that haven’t taken any venture capital and have already started generating healthy revenues.
Check out CB Insights chart below.
