App Annie Raises $63M to Fuel Growth, Adds NetSuite CEO Zach Nelson to Board
We’re excited to announce that we’ve 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.
The round of financing was led by new investor Greenspring Associates, a leading venture capital firm with investments in prominent information technology, healthcare and communications companies. The new capital will be used to improve and expand upon our suite of industry-leading products, and further scale global business operations to meet the growing needs of app publishers.
“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.”
Adding A New Board Member
As we continue to scale and maintain our focus on continued global expansion, we’ve also named NetSuite CEO Zach Nelson to App Annie’s Board of Directors. Since joining NetSuite in 2002, Nelson has overseen the company’s rise from a startup through a successful IPO in 2007, to becoming the world’s leading provider of cloud computing business management software suites.
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.
Continuing Strong Global Growth
The new round of funding and board addition come on the heels of recent accolades and product updates. In November 2015 we were ranked 10th on Deloitte’s 2015 Technology Fast 500 list, posting 5,383% revenue growth from 2011 to 2014. To date App Annie has expanded our global footprint to approximately 425 employees across 15 international offices.
Underscoring our commitment to our global community, App Annie continues to invest in our free and premium offerings. For instance, we’ve recently announced Store Stats support for Apple TV. We look forward to sharing more exciting product updates in the months to come. Additionally, we’ve expanded our Usage Intelligence offering, which now tracks the monthly active users (MAU) of hundreds of thousands of apps across 60 countries, and offers unprecedented views into user behaviors and demographics across the globe.
Read more about all the exciting news here.
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