Mobile-focused Eniac Ventures raises $55 mln third fund

Mobile investor Eniac Ventures said it has raised $55 million for its third fund, just 16 months after it closed Fund II with $12 million in commitments. The firm, which has offices in New York and San Francisco, said the fund was oversubscribed and that it also turned down some $20 million in interest from potential LPs. Eniac investments have included the ad targeting company TapCommerce, which Twitter acquired last year for $100 million.

MMC Ventures backs UK mobile firm Somo

Somo said Wednesday that it has closed $5.5 million in funding. The investors were MMC Ventures and various private backers. GP Bullhound advised Somo on the transaction. Headquartered in London, Somo is a global provider of mobile solutions.

Mobile investor Eniac Ventures announces second seed-stage fund

Mobile-focused seed-stage investor Eniac Ventures announced today its second fund of $12. 9 million. The fund, which was raised from undisclosed high-net-worth individuals and entrepreneurs, focuses on adtech, consumer, enterprise and commerce sectors. The firm’s first seed-stage fund was raised three years ago and boasts six exits.

Li Ka-Shing’s Horizons Ventures Backs Mobile Seacrh Provider Everything.me

Everything.me, a provider of mobile search technology using HTML5, has raised a $3.5 million strategic round of funding from Hong Kong investment firm Horizons Ventures and return investors Draper Fisher Jurvetson, DFJ Tamir Fishman Ventures and BRM Group. The San Francisco-based company, formerly known as DoAT, has now raised $12.5 million in funding since it […]

WestSummit Backs Mobile Tech Company Union Optech in China

Beijing-based WestSummit Capital announced that it has backed Chinese optical lens provider Union Optech, which develops lenses and sensors used in security cameras, smartphones, and other mobile devices. Terms of the funding were not disclosed. Beijing-based WestSummit also invests in U.S. companies from its location in Palo Alto, Calif. PRESS RELEASE WestSummit Capital Expands Mobile Ecosystem Portfolio […]

VCJ Cover Story: The Mobile Explosion

Mobile investing is exploding. And as Mark Boslet reported in the latest issue of Venture Capital Journal, funding in the mobile sector through the first 7 1/2 months of the year already exceeds all of last year as investors bet on startups combining mobile, social media and location-based technologies to create services that few can imagine […]

VC-Backed LocalResponse Launches Public Beta

Earlier this week, Nihal Mehta (pictured) announced he launched LocalResponse, a New York-based developer of a Web-based tool that allows local businesses to respond to check-in posts on social media sites with tailored marketing campaigns. Mehta co-founded the company, previously known as Buzzd, as a social city guide for location-based services. The company had raised about […]

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