Flurry Raises $25 Million In Series D
Flurry is a mobile application advertising and performance management company that has raised $25 million in a Series D round of funding. This round of funding was led by Crosslink Capital with participation from previous investors like Menlo Ventures, Draper Fisher Jurvetson, InterWest Partners, Union Square Ventures, First Round Capital, and Draper Richards. Flurry now has a total of $51.6 million in funding. Crosslink partner Nick Mignano is joining Flurry’s board of directors.
Flurry’s revenues are up 300% over last year to an annualized run rate of $80-$100 million. The company became cash flow positive in March. Flurry currently has 110 employees across offices in New York, London, and San Francisco.
Flurry has seen applications go from 120,000 to over 250,000. Over 80,000 companies use Flurry. The company works on iOS, Android, Windows Phone, BlackBerry, HTML5, and JavaME. They report around 32 billion data points per day from 1.9 billion application sessions across 250 million unique smartphones and tablets.
Crosslink Capital is known for investing in companies late-stage. For example, they invested in Pandora in a short amount of time before the company had their IPO. This may hint at Flurry having an IPO of their own in the near future.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry