NEWS BRIEF:
Sino-US startup App Annie, an app analytics service for developers, revealed today that it has secured US$55 million in series D funding. The investment eclipses the previous US$17 million round in May 2014, which was accompanied by news that it had acquired competitor Distimo for an undisclosed sum.
App Annie’s newest input comes from Institutional Venture Partners (IVP), with participation from existing investors Sequoia Capital, Greycroft Partners, and IDG Capital Partners.
App Annie claims it doubled its team to 300 employees in 2014 and tripled its revenues.
See: 18 of your favorite Chinese startup stories in 2014
(Source: App Annie blog)
Text by Steven Millward; editing by Paul Bischoff
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