|Description||Powering the Global App Economy|
|Series A, 12/2010 |
|Partial Close, 8/2011 ||$500k|
|Series B, 12/2011 |
QiMing Venture Partners
Western Technology Investment
|Convertible Note, 10/2012 ||$3.74M|
|Convertible Note, 12/2012 ||$5.87M|
|Convertible Note, 7/2013 ||$2.99M|
Appconomy operates a global platform that increases app revenue, designed for brands, retailers, service providers, local merchants and mobile carriers. With powerful commerce and community services from its AppWallet technology, the Appconomy platform creates a simple way for developers to add functionality such as: daily deals, coupons, loyalty & rewards programs, and social network & private group sharing to apps. The AppWallet is a cloud-based offering, initially focused on the US and China markets.
Appconomy’s mission is to power global apps that simplify and improve peoples’ lives. Led by co-chief executives, Brian Magierski and Steve Papermaster, the company is privately held and venture-funded, with dual global headquarters in Austin, Texas and Shanghai, China.
|Launch Date||October, 2012|