Google has acquired the mobile startup Bump. A source close to the transaction said it was worth at least $30 million, and perhaps as much as $60 million. Google Acquires Sharing App Maker, Bump [allthingsd.com]
Bump had raised about $20 million from backers including Sequoia Capital and Andreessen Horowitz, so it was “not a home run,” the source admitted.
Founded in 2008, Bump made one of the original have-to-have iPhone apps, for its magic trick of transferring files by physically “bumping” phones together. It has been downloaded more than 100 million times. Over the years, the company has expanded and contracted its features, and also created a group photo-sharing app called Flock.