Tuesday, December 11, 2018

AppOnboard Finds $15M More For Mobile App Demos

Los Angeles-based AppOnboard, the startup developing mobile app demo and analytics software, has raised $15M more in a funding round, the company said on Tuesday morning. The funding was led by Breakaway Growth Fund, and also included Tiller Partners & Rainier Partners, plus Manta Ray Ventures, Runa Capital, Korea Investment Partners, Mirae Asset Management, MTGx, Troy Capital Partners, and 500 Startups. The company's software makes it easy for people to try out full featured mobile apps without having to download and install those apps first. The company is led by CEO Jonathan Zweig, and already counts such developers as FoxNext Games, Game Insight, Superheart Studios, Jam City, Huuuge Games, and Simple Habit using its tools. The company said that Paul Heydon of Breakaway Growth Fund will take a seat on the company's board of directors as a result of the funding round. AppOnboard plans to expand in Europe and Asia, with its first effort an office expansion in Seoul, using the new funds. Zweig is a serial entrepreneur, and was the founding CEO and President of AdColony (which sold to Opera for $350 Million in June of 2014).

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