Category Archive: App Deals

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  Netmarble, South Korea’s largest mobile games company and one of the top 10 globally, has announced it will file for its IPO, and wants to raise as much as $2.4b. It will sell 17 million shares which at the top value, would make for South Korea’s second largest IPO ever. The company says it’s raising funds for the purpose of mergers and acquisitions, with the intention of becoming one of the top 5 mobile game firms in the world by 2020, according to Reuters. It will also repay debts with some of the raised capital. Netmarble’s most recent hit is Lineage2: Revolution, which took more than $176m during its first month on release in South Korea. The company wants to release the game internationally

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Ben Heathecote

In App Deals

March 22, 2017

hoteltonight

HotelTonight, the mobile app for last-minute hotel bookings available on iOS and Android, has successfully closed a Series E investment of $37 million led by venture capital firm Accel. The funding round also attracted new investors RSC Capital, Founder’s Circle and Aspect Ventures, while existing backers Battery Ventures, US Venture Partners, GGV Capital, Coatue Management and First Round Capital also participated in this round. HotelTonight, which boasts a 10-second booking process and promises to provide an average discount of 17% for users, said it plans to use the capital injection for working capital as it continues its growth. In 2016, which the company describes as a “transformative year”, HotelTonight achieved profitability, more than $300 million in gross booking volume and over 100% year-over-year revenue growth. This year,

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Ben Heathecote

In App Deals

March 22, 2017

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LaunchPad City, a Texas-based group focused on startup incubation and acceleration, has invested in Cosmunity, dubbed as the first ‘geek’ app for fans of comics, gaming, cosplay and anime. Based in Dallas, Cosmunity is an app-based social media and digital marketplace for comic and cosplay enthusiasts. The platform enables users to connect and interact, and also provides a marketplace for digital goods, physical goods and creative services. The Cosmunity app was launched on both iOS and Android in February 2017. In addition to the equity investment, LaunchPad City co-founders Brian Dick and Nahid Giga have become advisers to Cosmunity CEO Cole Egger and his team. Cole Egger said: “We are proud to have LaunchPad City aboard as in investor, as they have been a great resource

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Ben Heathecote

In App Deals

March 22, 2017

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Dosh, a new Texas-based app that finds cash for consumers when they use their credit and debit cards while shopping, dining out and travelling, has raised a $2 million seed round. The funding was raised from private equity firms and high net-worth individuals and brings the total investment in the startup to more than $6 million. Charles Kim of China Renaissance Group is among the investors. Dosh was founded and is led by Ryan Wuerch, a serial entrepreneur who previously founded Solavei and Motricity, both leaders in the mobile service space. It plans to use the investment to further enhance the Dosh platform and drive both merchant expansion and customer acquisition during the company’s launch. The app, which is currently preparing to enter private beta, allows users to

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Andy Boxall

In App Deals

March 20, 2017

Zynga

Zynga has acquired mobile game developer Solitaire for $42.5m, according to a statement published inside the gaming giant’s recent financial release. Solitaire has four mobile games available in Apple and Google’s app store, all centered around the card game from which the firm takes its name. Zynga’s statement reads: “On February 14, 2017, we purchased Solitaire mobile game applications from Harpan LLC for approximately $42.5 million in cash.” Harpan is owned by two brothers, according to Business Insider, and publishes several other card-based mobile games. No other statement has been made regarding the future of Solitaire following the acquisition. Seeking Alpha speculates the deal has been made to increase Zynga’s mobile advertising revenue, thanks to Solitaire’s games spending time around the top of the charts

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Ben Heathecote

In App Deals

March 19, 2017

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Fitso, the India-based health and fitness mobile app, has raised a sum of $200,000 from angel investors. Sujeet Kumar, the former president of operations at Flipkart, Intelenet Global Services CEO Bhupender Singh and PolicyBazaar CEO Yashish Dhaiya were among the investors. This is Fitso’s second round of angel funding, after the company raised the same amount from former Grofers CTO Varun hurana, Jugnoo CEO Samar Singla and Wildcraft CFO Vinay Bansal in January 2016. Available for both iOS and Android, Fitso was launched with the idea to make fitness accessible and affordable for everyone. The app provides professional guidance for weight loss, weight gain and other fitness activities and sports. It also allows users to find partners for activities as well as hire personal fitness trainers,

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Ben Heathecote

In App Deals

March 15, 2017

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Waitr, an on-demand food delivery app currently being used in 18 cities across the US, has landed $10 million in funding. The cash was raised from a group of Gulf South-based investors led by National Football League (NFL) star Drew Brees, a quarterback for the New Orleans Saints. This infusion of cash will support Waitr’s plans to double in size by the end of 2017, bringing the number of cities served to more than 40 nationwide. Founded in Louisiana and launched in 2015, Waitr is on a mission to develop the local food culture for communities across the US by expanding the reach of local restaurant menus. Available on the web and on both iPhone and Android devices, the app has more than 1,600 restaurant

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Ben Heathecote

In App Deals

March 12, 2017

iexhale

iExhale, a mental wellness app that combines an anonymous social support network with on-demand therapy from licensed professionals, has closed a $1.86 million seed round led by Dorilton Capital to build and enhance its offerings, and expand its platform across the US. Available for download in the iOS App Store with desktop and Android versions under development, iExhale offers the “first truly integrated online service” for those seeking a safe and friendly place to access mental health counselling, share their thoughts and feelings with peers and lend support to others. The app is available to residents of California (with more states coming) and offers support to anyone 14 years and older, including access to the social support network and other wellness tools. Aaron Robin, co-founder and CEO of

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Ben Heathecote

In App Deals

March 12, 2017

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Sift, a free app which unlocks hidden credit card benefits for consumers, has been officially launched after raising $1.5 million in seed funding. Investors included Liquid 2 Ventures, Plug and Play, Sy Fahimi, Sophia Collier, Band of Angels, Rajul Garg and Anton Gauffin. Available for iOs on the App Store, Sift claims to be the first service to provide comprehensive coverage for hidden credit card benefits, including price adjustment refunds, extended warranties, return protection and more for 90% of all credit cards in the US. The California-based company said although most consumers are familiar with points and cashback, the “hidden” benefits are buried in difficult-to-understand credit card policies and are “overly complicated” for the average consumer to take advantage of. Sift automatically analyses available policies and files

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Ben Heathecote

In App Deals

March 12, 2017

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Kidizen, a marketplace app for buying and selling secondhand children’s clothing, has closed a $3.2 million Series A funding led by Origin Ventures with participation by Royal Street Ventures, Corigin Ventures, Irish Angels, and Mergelane. Existing investors Sofia Fund and Gopher Angels also contributed to the round. Kidizen launched in February 2014 to create a marketplace specifically for parents to buy and sell used children’s apparel. The mobile-centric platform claims to have over 250,000 registered users across the US. The funding will be used to expand the team in response to increasing demand, driven by the “strong community and network effects of the platform”. As part of the deal, Origin Ventures partner Brent Hill and Royal Street Ventures partner Laura Brady will join the company’s board of

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