The $2 round $7 million brings Apptopia’s total funding to $5 million, including Mark Cuban, 500 Startups, RTA Ventures, Full Tilt Capital, Telegraph Hill Capital, Expansion VC and more. Several parties, including Mark Cuban, participated in both rounds.
‘We’ve seen huge growth over the last year, tripling annual recurring revenue since the beginning of 2016,’ said CEO Eliran Sapir. ‘Not only is sales growth unbelievable, but we’re honored that it comes from all-star customers like Google, Pinterest, Facebook, NBC Universal, Philips, Deloitte, Telerik, Fyber, Airpush, Chartboost, Startapp, SendGrid and many more. ”
Over the last year, the company has increased its headcount from 18 to 42 employees between offices in Boston and Kiev, Ukraine. Sapir says the funds will be invested in making better products with more intelligence to create the next generation platform. ‘There’s still so much opportunity in this space Our goal is to bring more transparency to the app ecosystem and make it easier for people to enter and succeed. ”
‘Some things only make sense Today, companies cannot afford to make decisions without insight and intelligence, especially in ultra-competitive markets such as the app economy,” said Guy Oseary, Founder of Sound Ventures. ‘But more than a product, I always say that I like to invest in relationships and people. It’s so important to have the combination of passion and vision that Eliran and Jon have. ”
‘I believed in Apptopia and its founders when I first invested in 2014, and my belief only strengthened as the company tripled its revenue this year,’ said Mark Cuban. ‘Having experience with my own app, Dust, I know how important app marketplace intelligence is to both large and small developers, and what that insight can translate into. ”
Apptopia now has a multi-million dollar annual recurring revenue and has recently entered into a partnership with CrunchBase
Apptopia, About
Apptopia provides the most accurate download, revenue, and SDK data for every mobile app and publisher in the world through intuitive tools. Apptopia was founded by CEO Eliran Sapir and COO Jonathan Kay on the belief that the mobile app community needs transparency to level the playing field and make way for innovation and industry advancements. Mobile publishers, developers, service providers and investors use Apptopia on a daily basis to understand and monitor competitors, inform business strategies, and identify emerging consumer interests and trends.
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