Report: iPhone App Developers Have Raised $100M to Date

Authored by Mark Hefflinger on July 1, 2009 - 7:37am.

Los Angeles - Start-up companies focusing on developing applications for Apple's (NASD: AAPL) iPhone have raised $102.49 million in venture capital over the past two years, according to data compiled by the blog ChubbyBrain.

The largest investor has been Kleiner Perkins Caufield & Byers, which has doled out some $50 million of its $100 million dedicated iFund for iPhone application developers.

A total of 17 iPhone application developers have benefitted from venture capital fundraising.

ChubbyBrain said it limited its survey to companies exclusively developing for the iPhone, omitting those that were developing cross-platform applications, or ones "where the iPhone element was complementary but adjacent to their core business."

Along with KPCB, other firms backing iPhone start-ups have included Foundation Capital, Venrock, Eden Ventures, Amadeus Capital Partners, Charles River Ventures, Intel Capital and Bessemer Venture Partners.

Related Links:
http://snipurl.com/lblpx (Chubbybrain)

http://snipurl.com/lbluh (Wired.com)