Today's VC Industry Trends looks into funding for Silicon Valley-based startups focusing on mobile.
All figures are based on Crunchbase data and all graphs are my own.
This week's feature can be seen as a follow-up to an edition I did several weeks ago, which detailed the rise and fall of funding for companies focusing on web development. The basic idea is that both mobile and web apps are the backbone of almost all startups. As such, I decided to look further back and exclusively at the birthplace of the startup-world: Silicon Valley.
As the graph immediately below shows, the peak number of funding rounds per quarter came very early at the end of 2014 at almost 120 (most other sectors see this metric hit its apex somewhere in 2017). The decline was steep and steady, though it appears to have stabilized somewhat at around 30 rounds per quarter. The average round, which remained fairly low until late-2017, has quadrupled on average when taking the spikes and valleys into account.
VC funding in this sector was highly concentrated in early to mid-stage funding rounds until about...