myVegas Developer PlayStudios Raises $20 Million in Funding

myVegas BlackjackSocial casino game developer PlayStudios has announced it has raised $20 million in Series C financing to further the company’s growth. The round was led by Jafco Ventures, with participation from existing investors. PlayStudios is the company behind the popular casino titles myVegas Slots and myVegas Blackjack [pictured], with the latter launching at the beginning of October 2014.


YouAppi Raises $3 Million in Funding for Mobile Customer Acquisition Solution

YouAPPiMobile customer acquisition company YouAppi has announced it has raised $3 million in Series A funding, in a round led by Glilot Capital Partners, 2B-Angels and Flint Capital. The company has also announced its mobile customer acquisition solution, which guarantees higher customer lifetime value and focuses on post-conversion performance, rather than just installs.


Video Chat Community Vive Raises $1.5 Million in Seed Funding

ViveMobile video chat community Vive has today announced it has raised $1.5 million in seed funding, with participation from investors including SoundCloud, Evernote and ResearchGate. Vive launched out of beta in June 2014, and focuses on real connections between users, with a membership-only service that connects users of like-minds and tastes.


Chat App Frankly Secures $12.8 Million, Launches SDK Business

FranklyFrankly has announced it has secured $12.8 million in funding from JJR Private Capital, Standford-StartX Fund and SK Planet. The Frankly Chat app allows users to chat with friends with a focus on privacy, as messages disappear seconds after they’ve been read. The app has been downloaded over 1.5 million times since its launch in 2013.


Appboy Secures $15 Million to Expand Its Marketing Automation Business

Multivariate TestingAppboy, which focuses on marketing automation for apps, has announced it has raised $15 million in an oversubscribed Series B funding round. The round was led by InterWest Partners, and saw participation from existing investors Icon Venture Partners, Blumberg Capital, T5 Capital and IDG Ventures. The company will use this funding for sales and marketing, and for the overall expansion of its platform, which looks to solve the issue of app abandonment on mobile. InterWest General Partner, Doug Pepper, will join Appboy’s board of directors.


Adjust Secures $7.6 Million for Expansion of Mobile Analytics Platform

adjust-650Mobile app analytics and attribution company Adjust (formerly Adeven) has announced it has raised $7.6 million in Series C funding from ACTIVE Venture Partners, along with existing investors including Target Partners, Iris Capital and Capnamic Ventures. The funding will help the company increase its expansion plans for the US, China and Japan, with a continued focus on helping app developers re-engage with their users.


Kiwi Raises $15 Million for Development of Cross-Platform Mobile Games


Westbound developer Kiwi has announced it has closed a $15 million Series B financing round, led by Northgate Capital with participation from DFJ and existing investor Sequoia Capital. The developer has experienced ample success with its apps on Android devices, but will use the funding to create a new series of cross-platform “AAA-quality” mobile titles. In addition, the company will improve its distribution and monetization tools, which Kiwi says will “affect the entire mobile ecosystem.”


Kabam Receives $120 Million in Funding from Alibaba Group


Mobile and social game company Kabam has announced its partnership with Alibaba Group to bring Kabam’s titles to mobile gamers in China. As part of the partnership, Kabam will receive an investment of $120 million from the Alibaba Group.


MobileX Labs Raises $1.5 Million, Launches App Builder Platform

mxl build 650

MobileX Labs has announced the beta launch of its new MXL Build app building platform, which allows users to create free mobile apps without previous coding knowledge. In addition, the company has raised $1.5 million in seed funding, led by Gary Holdren of The Garland Funds. MobileX Labs was created by Dan Novaes and Kiran Panesar, and earned over $1.5 million in revenue before officially accepting any outside funding.


5th Planet Games Raises $3 Million for Expansion of Core Mobile Games Business


Core mobile and web game developer 5th Planet Games has announced it has raised $3 million in funding from Sacramento-based DCA Capital Partners and Moneta Ventures. The funding is the first for the company, which has grown to more than 70 employees with the success of its core role playing games like Dawn of the Dragons and Legacy of a Thousand Suns.


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