Wednesday, October 7, 2015

AppDirect Gets $140M

San Francisco-based AppDirect, which develops software to power cloud service marketplaces, has raised $140M in a new funding, bringing the firm's total to $245M. According to AppDirect, the new funding was led by J.P. Morgan Asset Management, and also included its prior investors, Foundry Group, iNovia Capital, Mithril Capital Management, StarVest Partners, and Stingray Digital. The company says it now has 350 employees. AppDirect's software handles creating online cloud services marketplaces, along with billing and distribution. AppDirect was founded by Daniel Saks and Nicolas Desmarais. More information »