GetJar Gets $11M From Accel

Cross-platform app store raises more money after becoming the second only app store in the world to hit 1 billion downloads

June 24, 2010

1 Min Read

SAN MATEO, Calif. -- GetJar (www.getjar.com), the world’s second largest app store, today announced it has closed $11 million in Series B funding from Accel Partners. The company plans to apply the new capital to continued innovations on its consumer facing sites (GetJar.com and m.getjar.com), its unique customer solutions such as Pay-Per-Download (PPD), App Download Page (ADP) and App Catalogue Express (ACE) in order to fuel its rapid traffic growth.

As the battle between Open vs. Closed ecosystems between Apple and Google becomes clearly drawn, the additional investment comes at a time when GetJar seeks to aggressively expand its offering on “open” smartphone platforms such as Android, Blackberry, and Symbian. In the past year, GetJar has tripled the number of employees, quadrupled the number of downloads per month, signed partnerships with key players such as Sprint and maintained its profitability despite a challenging economic environment.

"We doubled down in this Series B due to GetJar’s momentum as the leading open platform in the mobile apps space," said Rich Wong at Accel Partners. "Mobile app developers need to get discovered, build a marketing channel for mobile users, and scale to massive user bases. With over 1 Billion downloads to date, Getjar has led the industry to create this unique, cross platform app store solution.”

GetJar Networks Inc.

Accel Partners

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