App Annie, the mobile app analytics and ranking platform, has completed its Series D funding round let by Institutional Venture Partners (IVP), raising a total of $55m. The company plans to use the new funds to push its international expansion plans forward, plus drive product development, and explore possible industry acquisitions in the future.
Co-founder and CEO of App Annie, Bertrand Schmitt, said:
“We’re thrilled to bring on IVP as they genuinely share our vision of informing every decision made within the global app community. App Annie now integrates app sales, search, advertising, demographics, and usage data into one unified standardized platform. Any company that wants to remain relevant is now an app publisher, and we’re confident they will all need App Annie to move their mobile business forward.”
IVP was joined in App Annie’s funding by other investors including IDG Capital Partners, Greycroft Partners, and Sequoia Capital. It was announced that during 2014, App Annie tripled its revenues, and now employs 300 staff in ten different offices across the world. Additionally, its user base grew by 75% over 2013 to more than 350,000 marketers and developers.