SAN FRANCISCO, Jan. 14, 2016 /PRNewswire/ -- Today App
Annie, the largest mobile app data and insights platform, announced
that it has closed $63 million in
total financing, with majority equity investment led by Greenspring
Associates and additional participation from existing investors
e.Ventures, Greycroft Partners, Institutional Venture Partners
(IVP) and Sequoia Capital. App Annie will use the new capital to
improve and expand upon its suite of industry-leading products, and
further scale global business operations to meet the growing needs
of app publishers.
The Series E round of funding was led by new investor
Greenspring Associates, a leading venture capital firm with
investments in prominent information technology, healthcare and
communications companies.
"Greenspring's deep experience and knowledge of the space made
them a natural choice to lead the round," said Bertrand Schmitt, co-founder and CEO of App
Annie. "It is clear to everyone now that apps are eating the web.
This funding will allow us to further scale our business,
accelerate the development of our industry-leading products and
continue to build out brilliant teams that deliver vital data and
insights to help develop the global app economy."
"We've been paying close attention to App Annie's evolution over
the past few years and are very impressed with the company's
leadership, execution and growth. We look forward to the
partnership as they continue to disrupt the mobile space," said
Ashton Newhall of Greenspring
Associates.
"The App Annie management team has consistently proven that it
has the vision and ability to execute a winning strategy in this
complex and rapidly evolving market," said Dana Settle, Partner, Greycroft Partners.
"We are excited about the amazing momentum the company is
experiencing and believe that with this additional capital the
company will continue to innovate and maintain its leadership
position."
New Board Member
With the company scaling and its
focus continued on global expansion, App Annie has also named
NetSuite (NYSE: N) CEO Zach Nelson
to its Board of Directors. Since joining NetSuite in 2002, Nelson
has overseen the company's rise from a start-up through a
successful IPO in 2007, to becoming the world's leading provider of
cloud computing business management software suites.
"I am very excited, Zach Nelson
is a tremendous addition to our board. A pioneer in the SaaS space,
he is a strategic leader, personable and charismatic, and will help
us elevate App Annie to the next stage of growth," added
Schmitt.
"I'm thrilled to be joining the board at App Annie," said
Nelson. "I'm excited as well, to be a mentor and partner to
Bertrand and his vision of building a world-class SaaS organization
focused on empowering all app publishers with the insights and data
they need to successfully build and expand their brand and
business."
The addition of Nelson to the Board follows a recent succession
of high-level strategic executive hires, including Chief Financial
Officer Mark Vranesh, Chief Revenue
Officer Ted Krantz, and Senior Vice
President of Research Danielle
Levitas.
Strong Growth
App Annie was recently ranked 10th on
Deloitte's 2015 Technology Fast 500 list, posting 5,383 percent
revenue growth from 2011 to 2014. To date the company has expanded
its global footprint to approximately 425 employees across 15
international offices. App Annie's growth has been fueled by its
trusted position as the go-to resource for data and insights on the
global app economy, and is used by more than 500,000 app
professionals — including 94 of the top 100 publishers—to track
performance and inform critical business decisions.
Underscoring the company's commitment to its global community,
App Annie continues to invest in its free and premium offerings.
The company recently announced support of Apple TV on its free
products. Additionally, App Annie is announcing the expansion of
its Usage Intelligence offering which now tracks the monthly active
users (MAU) of hundreds of thousands of apps across 60 countries,
and the addition of unprecedented views into user behaviors and
demographics across the globe.
About App Annie
App Annie delivers the most trusted
app data and insights for your business to succeed in the app
economy globally. App Annie is used by more than 1 million apps to
track their performance, and now has over 500,000 registered
members — including 94 of the top 100 publishers. The company is
headquartered in San Francisco
with 425 employees across 15 global offices. App Annie has raised
$157 million in financing to date
from investors such as e.Ventures, Greenspring Associates,
Greycroft Partners, IDG Capital Partners, Institutional Venture
Partners and Sequoia Capital. Learn more at www.appannie.com.
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SOURCE App Annie