Quixey Raises $50 Million In Funding

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Quixey is an app search engine that has raised $50 million in funding as part of a round led by Alibaba.  Alibaba will be getting a seat on the board of directors at Quixey.

“They’ve been more founder-friendly than almost any V.C. I’ve ever met,” stated Quixey chief executive officer and co-founder Tomer Kagan.  “They really believe in the founders having a strong say on the board and a strong say in the company.”

Other investors that participated in this round include GGV Capital, U.S. Venture Partners, and Innovation Endeavors.  Quixey has raised $74.2 million in funding thus far.

Quixey’s search engine allows users to search for phrases to describe a task like booking a flight.  Quixey shows mobile and desktop apps available for download.  Quixey generates revenues by setting up sponsored app results.

[Source: New York Times]

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