AppDirect, the leading cloud service marketplace company, today announced that it has secured $8. Extending 5 million capital from existing investors, including iNovia Capital The funding, which serves as the AppDirect Series A round, will be used to fund the company’s growth as it launches a rapidly growing number of global partner markets and secures its position as a leader in the cloud services brokerage sector.
“Since our initial investment in AppDirect, the cloud services market has changed considerably. Today, more people use more cloud-based applications than ever before,” said Chris Arsenault, Managing Partner at iNovia Capital. “With its outstanding technology and a high-caliber team, AppDirect is perfectly positioned not only to take advantage of this growth, but also to act as a catalyst to further expand the market. With this investment, we are excited to renew our commitment to AppDirect at such an important time in the company’s development. “That’s right.
The funding announcement comes just over a year after AppDirect has raised $3. $25 million in seed funding Since then, the company has experienced tremendous growth, securing numerous partnerships with global brands – including European telecommunications giant Deutsche Telekom and hosting and cloud services provider Rackspace – to launch cloud services to more than six million end-users worldwide. Moreover, the company has added dozens of high-profile applications to its syndication network, including Google Apps, DocuSign, New Relic, and SendGrid.
“When we founded AppDirect, our mission was to change the way businesses find, purchase, and manage cloud-based software, and I’m proud of the progress we’ve made in such a short time. But we’re just starting,” said Daniel Saks, President and Co-CEO of AppDirect. “This funding not only validates all the hard work that we have put into the platform, but also helps us continue to innovate on our products in new and exciting ways to make them even better. “That’s right.
As Saks points out, funding will also set the stage for a number of initiatives in the coming year. “We’re going to have a lot of exciting news to announce over the next few months, from developer engagement to new partnerships,” he says. “This funding announcement is only the first in a long string of successes to come. “That’s right.
AppDirect offers an industry-leading cloud service marketplace and management platform empowering a global network of branded app stores. Service providers can use the AppDirect white-label platform to broker cloud services and launch a robust, fully-branded marketplace within weeks. Developers can use the AppDirect platform to integrate once and make their software available across multiple partner markets around the world, while end-users have access to the best, most innovative business applications and services the cloud has to offer.
AppDirect is the leading cloud service marketplace company dedicated to revolutionizing the way businesses operate. Its award-winning platform connects businesses, brands and developers through a global network of partner markets. Based in San Francisco, AppDirect powers the marketplaces of trusted companies around the globe – including Deutsche Telekom, Rackspace, Bell Canada, Appcelerator, and more – and has helped millions of businesses discover, purchase, and manage the best cloud-based software and services.
On iNovia Capital
iNovia partners with exceptional entrepreneurs to build successful companies in high-growth sectors. The team consists of entrepreneurs and industry experts focused on mobile, internet and digital media. iNovia has $275 million under management across three seeds and early stage funds. Visit http://www for more information. Innovia Follow iNovia on Twitter at http://www Twitter Twitter Come/iNovia
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