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App Annie will use the funding to support product development, global expansion and potential acquisitions, said Chief Executive Officer Bertrand Schmitt

App Annie Ltd., which measures the usage of mobile applications, raised $55-million in a new financing led by Institutional Venture Partners as it benefits from surging interest in wireless devices.

App Annie will use the funding to support product development, global expansion and potential acquisitions, said Chief Executive Officer Bertrand Schmitt. With the new round, the San Francisco-based company has raised a total of $94-million from investors including Sequoia Capital, Greycroft Partners and IDG Capital Partners. He declined to disclose the company's valuation.

The startup, founded in 2010, is expanding as companies demand more information about how their apps are performing on smartphones and tablets. App Annie, which provides some basic rankings for free and charges for more advanced analytics features, said it has more than 350,000 users and roughly tripled its revenue in 2014.

"We have been growing pretty fast; we intend to keep growing pretty fast," said Schmitt, who didn't disclose underlying revenue figures.

App Annie's software tools show how apps are doing based on metrics such as the number of downloads or revenue. The data can be broken down by geography or device type. The company more than doubled its employees to about 300 last year.

As part of the funding announcement, App Annie also unveiled a new service called Usage Intelligence that gives customers more details about an app, such as showing monthly active users and daily active users.

"Mobile is just proliferating," said Eric Liaw, general partner at IVP, who is joining the board of App Annie. "The tailwinds here, clearly, are moving everyone here toward mobile computing and mobile usage."

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