AppsBuilder, which has developed a platform to “easily” (they say) develop mobile apps has taken in a $1.5 million round of funding from United Ventures. The investment brings the company’s funding total to $3.5 million. Previous investors included Annapurna Ventures, Zernike Meta Ventures and Angels.
The cash will be used to consolidate growth and build business in the UK and U.S. markets which account for over 50% of AppsBuilder’s business.
For context, its main competitors are Mobile Roadie, iBuildApp, which has raised $1.3M and BiznessApps which has only raised Seed funding.
The company claims to have experienced a 40% growth in revenues in the last 6 months and says it has close to one million members across 70 countries. Its platform works in six different languages including English, German, French, Spanish, Italian and Portuguese.
They say the platform is being used to develops around 8,000 apps a month, has nearly 1 million clients and counts the US and UK as its 2 biggest markets followed by Brazil and Italy.