Investment in iPad and iPhone App Startups Up 220%

Despite Antenna-gate and Android-boom, it appears as though venture capitalists and angel investors are still pouring money into startups developing iPhone and iPad apps. That's the findings of a recent CB Insights report that examines the investment in the Apple ecosystem over the last 12 months.

According to CB Insights, investment in pure play iPhone and iPad startups has grown over 220% over the last year as compared to the previous year.

"Pure play" companies are those whose sole focus is building applications for iPhone and iPad. Between 2008 and 2009, there were 11 investment rounds over 10 companies, with almost $38 million raised. This year, over the same time period, there were 17 investment rounds distributed over 16 companies for a total investment of $120.6 million.

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