The Red Cross had experimented with mobile fund-raising in the past with limited success, Mr. Lowe said, but the State Department stepped in with assistance this time.
While the idea for a mobile fund focused on the Android OS seems prescient now, there were no guarantees when the first fund launched in 2011.
Of course, not to be forgotten is the second recipient of Intel's new mobile fund, 4tiitoo, a German OSV and tablet developer.
As for the new mobile fund, Talbot says the firm actually raised the money last year, but the limited partners (led by Northleaf Capital Partners) agreed that Relay wouldn't have to start investing it until this year.
The new money will go towards developing Mogul Arena for mobile, and funding user acquisition and monetization pushes, Esports Mogul said.
Some areas, like telecom infrastructure and semiconductors — once taking a significant proportion of mobile VC funding — appear to have fallen off the radar by quite a lot.
For now, though, it will continue to make investments through an array of funds, including 500 Durians in Southeast Asia, the global 500 Startups vehicle, and the $10 million 'Mobile Collective' fund that Yeung herself leads.
In Prichard, Ala., a small city outside of Mobile, the fund ran out in 2009.
Editor's note: Doug Renert is a co-founding partner of Tandem Capital, Silicon Valley's first and largest mobile accelerator fund.
Jason Calacanis' LAUNCH Fund led the round, with participation from Slow Ventures, 500 Startups Mobile Collective fund, FundersClub and some angel investors.
