Post Profile






Almost bootstrapped ad tech startup sells at 'unicorn' valuation

SILICON VALLEY — AppLovin, a three-year-old Palo Alto ad tech startup that raised just a few million in angel funding, on Monday told employees that it has sold a majority stake in the business at a reported valuation of about $1.42 billion. CEO Adam Foroughi said in his note to staff that the sale of a majority stake to Chinese private equity firm Orient Hontai Capital came after he began visiting that country earlier this year.
read more

share

Related Posts


Plug and Play startup incubator eyes $20M for seed fund

Technology : Venture Beat

The Plug and Play Tech Center, a Palo Alto, Calif. accelerator program that provides office space, mentorship and a fundraising springboard for about 200 startups in the Silicon Valley, says it plans to raise $20 million for its own...

Funding Daily: Branch Metrics raised $35 million led by Founders Fund

Technology : Venture Beat

Branch Metrics, a tool for app developers and marketers, took in a $35 million investment led by Founders Fund, the startup announced today. The Palo Alto startup told VentureBeat that it is now valued at $205 million, almost three ...

Eichler Alert: Palo Alto midcentury gem asks $2.45 million

Business & Finance / Real Estate : Curbed SF

Cool blue offering in Silicon Valley by the noted developer Palo Alto may have a housing shortage on its hands, but what stock it does have is rich with Eichers. Earlier this month, we saw this Eichler renovation hit the market at $...

Most tech startups exit without raising funds, sell for under $50M

Business & Finance / Entrepreneurship : Upstart Business Jounal

SILICON VALLEY — Billion-dollar valuations and mushrooming funding round amounts gathered much of the attention of recent years in startup-land. But a new report shows that the majority of tech startups exit before they raise any ve...

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

Technology / Technology Industry News : Silicon Alley Insider

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 ...

Comments


Copyright © 2016 Regator, LLC