Friday, January 13, 2017
Maple Media Launches App Rollup Venture, Backed By Shamrock Capital
Los Angeles-based Maple Media, a new startup led by startup veterans Clark Landry and Michael Ritter, said late Thursday evening that it has launched a new venture which will acquire and roll up mobile apps. The startup says it is backed by private equity investor Shamrock Capital, and is actively looking to acquire profitable iOS and Android mobile app. Maple Media says it already owns a portfolio of 150 mobile apps, and is specifically focused on creating a network of cash-flow positive mobile apps. Landry is a very active investor in Southern California startups, and is the former co-founder and chairman of SHIFT; he also has invested in such companies as The Trade Desk, Adconion, Gradient X, TagWorld, Edgecast Networks, and many, many others. Ritter, who serves as CEO of Maple Media, was previously in business development at Jam City and Mindjolt.