App Annie Secures $63 Million in Venture Capital

Business intelligence company and analyst firm App Annie has secure a $63 million round of venture capital.
According to an article on Forbes:

VC funding may be getting tough – but this hasn’t been a problem for App Annie. Today the company announced a round of $63 million in equity and debt financing, which included investors like Greenspring Associates, e.Ventures, Greycroft Partners, Institutional Venture Partners (IVP) and Sequoia Capital.
“AppAnnie has emerged as a leader in providing serious app metrics, and an important company to the growth of the app economy by identifying emerging winners and trends,” said Nat Friedman, who is the CEO and cofounder of Xamarin.
The numbers certainly bear this out as revenue growth jumped by 2X last year, placing the company on the No. 10 spot of Deloitte ’s 2015 Fast 500 List (the revenue ramp from 2011 to 2014 was 5,383%). Just some of the customers include biggies like Google GOOGL +0.69%, LinkedIn LNKD -2.53%, Tencent, Microsoft MSFT +1.92% and Dow Jones.
App Annie got its start back in 2010, when Bertrand Schmitt and Bjørn Stabell saw a huge opportunity with the launch of the iPhone. “The appstore was a great way to distribute content,” said Bertrand. “So we thought there would be a strong need for tools and services.”

 
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