Thursday, January 15, 2009

Boston Mobile Investment

Along with the list of Boston area mobile startups, Xconomy (a great site covering Boston and Seattle startups) also posted an analysis of the total mobile investment which has been steadily growing. Interestingly, the 2008 investments were fairly steady despite economic issues.

"MoMoBoston didn’t detect any dropoff in mobile investment as 2008 progressed: the total of $562 million was invested in fairly even chunks across the four quarters, with a slight spike in the second quarter...With over half of a billion dollars invested in 2008 and 180 very diverse companies operating locally, Boston has quietly developed into the worldwide hub of mobile and wireless.”

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