AppGratis™ Secures 1 Million New Users since U.S. Launch with Tailored App Discovery Recommendations
PARIS – Jan. 17, 2012 - AppGratis today announced a $13.5M Series A funding round led by Iris Capital, a leading pan-European venture capital investor specialized in digital economy, with participation from the Orange Publicis Fund. AppGratis makes it easier for consumers to discover quality apps in a crowded App Store, and has seen early success by working closely with mobile app developers to offer an undiscovered paid app for free every 24 hours. The company currently averages over $1M in monthly revenue and will use the funding to further establish their stronghold as the worldwide leader in app discovery. A true global brand with 7 million users in over 30 countries and employees from twelve nations, AppGratis will be investing in top talent, expanding research and development efforts, and refining their technology as they continue to expand internationally.