Localytics raises $16M in funding

Date:
Tuesday February 04, 2014

Company Name:
localytics

Company Website:
http://www.localytics.com

Categories:
Data Mgmt / Business Intelligence, Mobile / Wireless, SaaS

Deal:
Funding

Source:
http://bit.ly/1lbnjmV

Localytics (www.localytics.com), provider of the most powerful analytics and marketing platform for mobile and web apps, announced today it has raised $16M in Series C financing led by new investor Foundation Capital. Existing investor, Polaris Partners, also participated in this round. Localytics will use the new funding to accelerate investments in product development, sales and customer service, and to fuel international expansion. The new financing brings total capital raised to $25M.

The new financing comes on the heels of a record-breaking year for Localytics during which it tripled revenues for the fifth straight year. In 2013, Localytics grew its customer base significantly, with new customers such as ESPN, Clear Channel and SoundCloud joining its already broad customer base that includes industry leaders such as eBay, Fox and Microsoft. The company also opened offices in San Francisco and London. Localytics is now used by more than 5,000 companies, and is installed in over 1.4 billion devices across the globe.   READ MORE