AppBuilder, a stratup company which has developed a platform to easily develop mobile apps, has taken in a one million euros round of funding from United Ventures.
Founded in 2011 thanks to seed capital from Annapurna Ventures (led by Massimiliano Magrini, who now manages United Ventures together with Paolo Gesess) and Net Value, the company is led by ceo and cofounder Daniele Pelleri and will use the new cash to consolidate growth and build business in the UK and U.S. markets which account for over 50% of AppsBuilder’s business. Its platform works in six different languages including English, German, French, Spanish, Italian and Portuguese.
United Ventures’ investment brings the company’s funding total to 2.5 million euros. Infact in August 2012 Vertis Venture and Zernike Metaventures invested a total of 1.5 million euros.
United Ventures reached 50 million euros in a second fundraising closing last February thanks to European Investment Fund‘s backing. Other investors are Fondo Italiano d’Investimento, Fondazione Banco di Sardegna, Fondazione Cassa di Risparmio di Lucca, Banca Sella Holding and Banca Patrimoni. The first closing was announced at 30 million euros in March 2013.