App Annie Raises $17M From IDG, Sequoia And Greycroft

App Annie, a data tracker of the mobile app industry, has raised US$17 million in an inside round of funding from exiting investors IDG Capital, Greycroft Partners and Sequoia Capital, according to the company’s official blog.

In addition to a previous US$15 million series C round and earlier funding, App Annie has raised US$39 million in total since its founding in 2009.

The latest inside round is being used to fund App Annie’s acquisition of Europe-based app analytics platform Distimo for an undisclosed amount. Distimo’s Netherlands headquarters will become App Annie’s European R&D center.

The proceeds will also be used on product development, marketing and market development.

App Annie has offices in Beijing, Shanghai and Hong Kong, in addition to seven international locations outside of Greater China.

China Expert network
 
China Expert network

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