Cloud Computing: AppDirect Raises $50 Million in Series D Funding Round
February 16, 2015
Grazed from eWeek. Author: Nathan Eddy.
AppDirect announced $50 million in Series D funding led by Mithril Capital Management. New investors Henry Kravis and Paul Fribourg join existing investors Mithril, Foundry Group, iNovia Capital and StarVest Partners to bring the cloud commerce compay’s total capital raised to $110 million.
"This new funding will enable us to continue our growth and further drive innovation and redefine one of the fastest- growing sectors of cloud computing, cloud service commerce," Daniel Saks, CEO at AppDirect, told eWEEK. "Over the next year we’ll expand geographically to increase our global market share in Europe, Asia and Latin America regions."…
The company currently has offices in San Francisco, Ottawa, Boulder, Munich, Montreal, Stockholm, Sydney and Singapore…
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