Post Profile

AppLovin, a 115 employee, profitable startup that never raised money from VCs, sold itself for $1.4 billion

A hot mobile ad startup based in Palo Alto called AppLovin has confirmed that it sold a majority interest in itself to a Chinese private equity firm, Orient Hontai Capital, for $1.4 billion. As we previously reported, rumors of the deal emerged about a month ago, sources told TechCrunch at that time. AppLovin employs 115 people, a spokesperson confirmed to Business Insider.
read more


Related Posts

Eyeing Deal Flow, Bain Capital Ventures Heads West; Opens Silicon Valley Office

Technology : TechCrunch: Enterprise

Bain Ventures, the Boston-based venture capital arm of private equity firm of Bain Capital, has recently opened a Palo Alto office, the firm's first presence on the West Coast. The new office is being led by Bain partner (and former...

Mobile App Engagement Startup Accengage Raises $3M

Technology : TechCrunch: Enterprise

French startup Accengage, which provides mobile app engagement tech for push notifications, in-app messages and mobile retargeting, has raised a $3 million round in funding from private equity and venture capital firm OTC Aggregator...

Chinese Food-Delivery Company Raises $630 Million, Valued At $3 Billion

Technology : Forbes: Tech

Chinese food-delivery start-up has raised $630 million from investors including CITIC Private Equity, department store chain Hualian Group, China Media Capital and private equity firm Gopher Asset, it announced today. The dea...

Ask A VC: Bain Capital Ventures’ Ajay Agarwal On How Much Capital Startups Should Raise, And More

Technology : TechCrunch: Enterprise

This week's Ask A VC show put Bain Capital Ventures' managing director Ajay Agarwal in the hot seat. Agarwal heads the firm's recently launched Palo Alto office.

AppLovin is selling a majority stake to Orient Hontai Capital for $1.4B

Technology / Startups : TechCrunch: Startups

Mobile ad startup AppLovin announced today it has agreed to sell a majority stake of the company to Chinese private equity firm Orient Hontai Capital for $1.4 billion. We first reported that AppLovin was in talks with a Chinese comp...


Copyright © 2016 Regator, LLC