Cloud service commerce platform AppDirect nets $50 mln in Series D round
AppDirect Inc, which last year opened an office in Montréal, has raised US$50 million in a Series D financing. The round was led by U.S. venture capital firm Mithril Capital Management, and was joined by a mix of new and existing investors, including Canadian firms iNovia Capital and Foundry Group. Based in San Francisco, AppDirect is a cloud service marketplace and management platform. It plans to use funding proceeds to expand its global market share by devoting resources to scale sales, marketing and client services teams, and by forging new partnerships. AppDirect is co-led by Canadian entrepreneurs Nicolas Desmarais and Daniel Saks.
11 February 2015•4 mins read
