Relay Ventures joins $22 mln Series D financing of Appcelerator
Appcelerator Inc has secured a US$22 million round of Series D financing led by U.S. venture capital firm Rembrandt Venture Partners. Another new investor, Union Grove Venture Partners, joined the round along with existing investors, which include Canadian mobile-focused venture capital firm Relay Ventures, as well as Storm Ventures, Sierra Ventures, Mayfield Fund, Translink Capital and others. Appcelerator's platform enables companies to build, analyze and connect suites of mobile apps rapidly and efficiently. It plans to use the new funds to increase growth and accelerate the adoption of its technology. Founded in 2006, it is based in Mountain View, California.
25 August 2014•3 mins read
