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Wednesday, February 16, 2011

GetJar raises $25 million in new funding for its app store

GetJar, which describes itself as the world’s largest open app store, has raised $25 million (around £15.5 million) in its latest round of funding.

The company plans to expand its offering to Android publishers while continuing to support other smartphone platforms. In the past year, GetJar has established partnerships with key players including Yahoo!, Sprint, AT&T, Openwave, Rovio, Zynga and Glu Mobile. It’s also quadrupled the number of downloads per month and tripled its number of employees.

Ilja Laurs, founder and CEO of GetJar, said “It’s extraordinary that with hard work and an amazing team, GetJar has become the world’s largest open app store with over 1.5 billion downloads. I was excited to receive such incredible interest for this Series C round of funding and thrilled to add Tiger Global Management to our current investor base. I look forward to rapidly scaling the company to take advantage of the enormous global app market opportunity.”

GetJar provides more than 75,000 mobile applications across all major platforms to consumers in more than 200 countries.

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Author: The Fonecast
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