App Annie + Sequoia Capital = A Match Made in Tech Heaven
DOUBLE, TRIPLE, HOME RUN!
Over the past 12 months, App Annie has grown a lot. We’ve doubled our user base, tripled monthly recurring revenues, released enough App Annie Indexes and Reports to fill a Game of Thrones book, and more. All while globe-hopping to speak at conferences. It’s been a busy year.
We’re happy to say all that hard work is paying off. Today we are proud to announce we closed a $15 million funding round led by Sequoia Capital’s US fund, with participation from our existing investors IDG Capital Partners, Greycroft Partners, e.ventures and Infinity Venture Partners.
We have a few ideas about how we’re going to use this funding. Top on the list is buying some copies of the highly anticipated upcoming release from EA sports, FIFA 14. Once that’s done, we’ll switch focus to expanding the capabilities of the App Annie platform, growing our sales and marketing teams in San Francisco, and expanding our offices in Asia and Europe.
Tim Lee, Partner at Sequoia Capital and Alan Gould, CEO of uSamp are also joining our Board of Directors. These are extremely experienced industry veterans who know how to grow businesses, and now they’re part of our team. Here’s what Tim and Alan have to say about App Annie:
“App Annie’s products are a must-have for anyone in the mobile industry. We at Sequoia Capital have been using their tools for years to help identify breakout startups. With a seasoned management team, a world-class product development center, and an extremely loyal customer base, we believe App Annie is well-positioned to become the gold standard for analytics in this new digital economy.”
“Creating a market data and business intelligence platform that allows companies to extract actionable insights around what consumers are doing on their digital devices is the holy grail of the mobile industry, and App Annie is already delivering results. I’m excited to help them take the company to the next level.”
NOW IT’S YOUR TURN
If you’re an app developer who isn’t already connected to App Annie Analytics, it’s the perfect time to jump in and try out our platform. It’s only going to get better! Go take our Analytics Tour, and sign up if you like what you see!
If you want to get a free perspective on the apps market, check out our Store Stats. You’ll see the world’s top-ranking and top-grossing apps in an easy-to-understand layout, tracking over 3 million apps. Our tables and charts are perfect for checking app market trends, or even checking if you’re missing out on any international app crazes.
Don’t forget to give our official press release a look to get the full scope of events.
Again, we’d like to thank Sequoia Capital for their support. It’s been a great year, and there’s more to come. App Annie is growing at breakneck speeds, and we have the perfect team to keep us on track. Come along for the ride.