GetJar Receives $11 Million In Funding From Accel Partners

June 25, 2010

Subscribe to our RSS feed to stay current with the latest news and updates.

GetJar Receives $11 Million In Funding From Accel Partners

GetJar, the second largest app store, has closed $11 million in Series B funding from Accel Partners.

The company says it will apply the new capital to continued innovations on its sites GetJar.com and m.getjar.com.

GetJar says it wants to aggressively expand its offering on "open" smartphone platforms such as Android, BlackBerry and Symbian. In the past year, GetJar has tripled the number of employees, quadrupled the number of downloads per month, signed partnerships with Sprint and maintained its profitability during the challenging economic environment.

"We doubled down in this Series B due to GetJar's momentum as the leading open platform in the mobile apps space," said Rich Wong at Accel Partners.

"Mobile app developers need to get discovered, build a marketing channel for mobile users, and scale to massive user bases. With over 1 Billion downloads to date, GetJar has led the industry to create this unique, cross platform app store solution."

Click to Play

Link Building through Relationship...
According to Gil Reich of Answers.com, "The most important thing to remember about links is that you're trying to get somebody else to put your message...

Financial Blog Talk

HP Pays To Play Streaming Music
Just as when Apple recently bought Lala.com, yesterday's purchase of music streaming service Melodeo by computer giant Hewlett Packard...

YouTube Found Not Guilty Of Infringement
A U.S. District Court has issued a summary judgment in favor of YouTube in the longstanding $1 billion case brought by Viacom.

New Study Show The Performance...
A new U.S. Government Accountabilty Office study which surveyed "stakeholders" predictably concludes that some that the...

Global Online Advertising To Reach...
Global online advertising is on track to increase by 12.4 percent in 2010, to $61 billion, according to a new forecast by MagnaGlobal.

Global PC Spending To Reach $245...
Global PC shipments are on track to total 376. 6 million units in 2010, a 22 percent increase from 308.3 million units shipped...

Online Ad Revenue Reaches...
Internet advertising revenue in the U.S. reached $5.9 billion in the first quarter of 2010, representing a 7.5 percent...

Time Warner Cable Revenue Up 5.4%...
Time Warner Cable posted a first-quarter 30 percent increase in profit driven by the strong growth of its Internet, phone and...

Google Reports Solid Q1 Earnings
Google has released its financial results for the first quarter of 2010 and the company reported revenues of $6.77 billion...

Read More...

» See More Articles...