Clipperton Finance, a leading European corporate finance boutique dedicated to the High Tech and Media industries, today announced the closing of a $13.5 million A-round for AppGratis, the leading mobile app discovery platform.
The transaction was a mix of equity & debt, all equity being brought by Iris Capital and Orange Digital Ventures.
AppGratis was founded in 2008 by Simon Dawlat from a daily email newsletter shared among friends featuring his top app picks. AppGratis has since developed a large international audience approaching 3 million daily users in 30 countries, with most of it’s users in the US and UK markets, Europe, Latin America and since early 2013 Japan. The company has also designed a profitable business model, enabling app developers to solve one of the most complex pain points of the mobile industry: app discovery. Through AppGratis recommendation and personalized recommandations, developers can market their apps globally in high volumes and on a pay-per-download basis, while users discover new relevant applications in a fun & deal-driven mobile experience.
