AppDirect Secures $185 Million of Funding to Fuel Global Expansion
Summary
Since its funding round in 2015, AppDirect has experienced tremendous growth across all indicators – increasing Gross Merchandise Value (GMV) more than 1500 percent since 2015 to over US$1 billion, expanding its global footprint, and servicing more than 2000 merchants around the globe. Many companies began digital selling practically overnight, but need assistance integrating new technologies and processes into their operations and making them work at scale for the long-term,” said Daniel Saks, President and Co-CEO of AppDirect. The AppDirect platform powers millions of subscriptions worldwide, transforming commerce for leading companies like Vodafone, Keller Williams, ADP, Honeywell, and Deutsche Telekom; connecting their customers to the solutions they need to reach their full potential in the digital economy. They are experiencing rapid growth, and the quality of its client network illustrates the success of its model,” said Thomas Birch, Global Managing Director, Venture Capital and Technology at CDPQ. Caisse de dépôt et placement du Québec (CDPQ) is a long-term institutional investor that manages funds primarily for public and parapublic pension and insurance plans.
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