GetJar just announced that it has raised $25 million in a third round of funding for what it calls the largest a4‚¬Aopena4‚¬¯ mobile app store in the world.
The news comes just a few days after chief executive and founder Ilja Laurs published an op-ed arguing that the United States is a4‚¬Astill the land of opportunity for VC funding.a4‚¬¯ It seems he had even more reason to make that argument than was obvious at the time.
San Mateo, Calif.-headquartered GetJar says that users have downloaded more than 1.5 billion applications from its store, which supports Android, BlackBerry, iOS, and other devices. The company had a huge success last fall when it was the first app store to offer the hit Angry Birds game for Android &8212' though the demand was so high that its site went down temporarily.
The round was led by Tiger Global Management. Accel Partners, which led GetJara4‚¬a4„s first two rounds, also participated in the new funding. (Laurs is pictured with Accel partner Rich Wong above.)
a4‚¬AWea4‚¬a4„ve been highly impressed with the leadership team and their ability to disrupt the marketplace with the fraction of spend compared to the likes of Google and others,a4‚¬¯ said Lee Fixel, Tiger Global Managementa4‚¬a4„s managing director, in the press release.
GetJar has now raised a total of $42 million.
Previous Story: Man vs. Machine: IBM&'s Watson ties for first on Jeopardy
Print Email Twitter Facebook Google Buzz LinkedIn Digg StumbleUpon Reddit Delicious Google More&8230'
Companies: Accel Partners, GetJar, Tiger Global Management
People: Ilja Laurs, Lee Fixel, Rich Wong
Companies: Accel Partners, GetJar, Tiger Global Management
People: Ilja Laurs, Lee Fixel, Rich Wong
Anthony is a senior editor at VentureBeat, as well as its reporter on media, advertising, and social networks. Before joining the site in 2008, Anthony worked at the Hollister Free Lance, where he won awards from the California Newspaper Publishers Association for breaking news coverage and writing. He attended Stanford University and now lives in San Francisco. Reach him at anthony@venturebeat.com. (All story pitches should also be sent to tips@venturebeat.com) You can also follow Anthony on Twitter.
Have news to share Launching a startup Email: tips@venturebeat.com
VentureBeat has new weekly email newsletters. Stay on top of the news, and don't miss a beat.
Discuss Add this link to... Bury
Comments