December 8th, 2010 by Arjan Olsder Posted in Companies & M&A | No Comments »
Flurry has raised $15 million in a series C funding round to accelerate the development of new monetization services for mobile developers, focusing new development on the iOS and Android communities.
The funding round was led by Menlo Ventures with participation of existing investors including Draper Fisher Jurvetson, InterWest, First Round Capital and Union Square Ventures. Sonja Hoel Perkins. A Menlo Ventures Managing Director will join Flurry’s board of directors.
“We are thrilled to have Menlo Ventures lead this round of financing, and to have Sonja Hoel Perkins join our board of directors,” said Simon Khalaf president and CEO of Flurry. “The addition of Menlo Ventures builds on the strength of our existing investors, and our goal of powering the businesses of tens of thousands of application developers serving hundreds of millions of consumers in the explosively growing mobile application market.”
“Flurry plays a fundamental role in the booming mobile application market,” said Sonja Hoel Perkins, Menlo Ventures Managing Director. “More importantly, Flurry has positioned itself like no other company to help mobile app developers solve critical audience segmentation, distribution and monetization challenges.”
“Since joining as an investor and board member in January 2010, I have been impressed by Flurry’s fantastic growth and positive impact on the mobile application market,” said Doug Pepper, General Partner at InterWest Partners. “The importance of their role to the ecosystem – from developers and platform providers to agencies and brands – continues to grow.”
Flurry currently has 35.000 developers signed up to the service. In November 2010, Flurry measured 5 billion anonymous, aggregated end-user sessions from over 100 million unique devices for a total of more than 35 billion data transactions. The company also announced that over 30 million unique users have viewed an AppCircle application recommendation and millions of apps have been downloaded as a result of AppCircle-targeted recommendations.
