Investment in Mobile App Acquisition & Optimization Leader Will Accelerate Global Growth, Enhance Product Innovation, and Fast-Track Partnerships
Boston, July 3, 2012 Fiksu, Inc., the industry's first cost-effective mobile app user acquisition platform spanning the global mobile ecosystem, today announced it has secured $10 million in Series B financing, led by new investor Qualcomm Incorporated, acting through its venture investment arm, Qualcomm Ventures and existing investor Charles River Ventures. This funding brings Fiksu's total raised to $17.8M and comes on the heels of a surge in global customer demand. The new funds will be used to accelerate Fiksu's already significant growth, with a specific focus on propelling European and Asia-Pac expansion, fueling further development of its optimization platform, and driving strategic partnerships with agencies and brands.
"Fiksu is hyper-focused on using our outstanding and innovative technology to deliver the best app marketing solution for advertisers," said Micah Adler, Founder and CEO of Fiksu. "Our accomplishments to date demonstrate our technological leadership. It is a true honor to be backed by investors who are deeply respected within the mobile ecosystem and bring such a distinguished track record of innovation excellence."
Fiksu's flagship product, Fiksu® for Mobile Apps is used by leading brands to overcome the complex and expensive challenge of promoting iOS and Android mobile apps. Fiksu increases ROI by cost-effectively delivering large volumes of loyal users – those who return repeatedly to an app, engage and are most likely to monetize. Fiksu's mobile media optimization platform extends a global footprint and targets across all significant channels, including real-time bidding exchanges, traditional mobile ad networks, the mobile web, social networks, video, email and SMS. Architected for predictability and scalability, Fiksu's real-time bidding algorithms and optimization engine deliver the industry's highest performing and largest reach campaigns.
"There is no question that mobile marketing will be of increasing value to the top-name brands who want to capture their target audience on-the-go," said Johnny Won, Mobile and Gaming Platform Manager, Hill Holiday. "Our partnership with Fiksu ensures the right messages are served to the right audiences on their smartphones or tablets – driving deeper brand loyalty, customer engagement and revenue generating transactions – exactly what our clients demand."
"Fiksu occupies a significant leadership position in the industry through an unparalleled commitment to developing a marketing platform with the smartest optimization algorithms and industry-leading attribution techniques," said Jon Auerbach, General Partner, Charles River Ventures. "We are excited about the rapid progress Micah and team have made in catapulting Fiksu from unknown in 2011 to the epicenter of mobile marketing today. We will undoubtedly see the company scale to new heights again this coming year."
Fiksu Optimization Leadership
The Fiksu for Mobile Apps platform is the industry's only marketing platform that uses predictive algorithms to optimize mobile advertising campaigns in real time through the relational evaluation of:
Fiksu's algorithms run billions of advertising permutations based on the three groupings above to identify the best advertising decisions based on historical performance, the client's budget and volume goals, and the client's monetization strategy. Fiksu then optimizes campaigns in real time to deliver economic efficiencies, maximum download volume and loyal, long-term users. Today, Fiksu optimization drives hundreds of millions of in-app conversions daily and scales easily as the client's business grows.
Fiksu, Inc. helps leading brands optimize their iOS and Android mobile app marketing campaigns and secure large volumes of loyal users. The company's flagship platform, Fiksu® for Mobile Apps spans the entire mobile ecosystem providing the most cost-effective, predictable and intelligent mobile advertising solution, slashing user acquisition costs and ensuring sustained user engagement. Additionally, Fiksu offers FreeMyApps™, an app discovery platform where users are rewarded.Based in Boston, MA, Fiksu is venture-backed by Qualcomm Ventures and Charles River Ventures. More at www.fiksu.com, @Fiksu and on the Fiksu blog.
About Charles River Ventures
Founded in 1970, Charles River Ventures is bi-coastal venture firm. With a 42-year history, it is one of the nation's oldest and most successful early-stage venture capital firms. CRV is dedicated to helping exceptional entrepreneurs turn their ideas into the next category leaders in high growth technology and media sectors. Over the past 20 years, CRV funds have been ranked among the industry's top performers. CRV has offices in Cambridge, MA and Menlo Park, CA. For more information visit www.crv.com.