AppDirect Raises $50M in Series D Funding

Funding Rounds

▤ Summary

AppDirect, a San Francisco, CA-based provider of cloud service commerce solutions, raised $50m in Series D funding.The round was led by Mithril Capital Management with participation from Henry Kravis and Paul Fribourg.The company intends to use the funds to expand its global reach and scale its sales, marketing and client services teams, and sign new partnerships.Led by Daniel Saks, co-founder and co-CEO, AppDirect provides a platform that enables businesses to find, buy, manage and monitor cloud services from a central location and delivers new opportunities to distribute, sell, and market cloud services.Its marketplaces, billing and distribution, and reselling services allows help providers – including Samsung, Telstra, Deutsche Telekom, ADP and others – to connect millions of business users to solutions from Microsoft, Google, Box, DocuSign etc.

$ Funding

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Amount $50.0M Total raised
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Date February 11, 2015 Announcement date
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Investors MIthril Capital Management LLC Lead investors
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Company http://www.appdirect.com Funded company

▥ Classifications

industries
No industries detected
applications
Accounting and Taxes

◇ AskAI Classifications

Labels
SaaS Subscription Management Cloud Infrastructure

▦ Linked Companies

AppDirect
$50M to $100M