Helsinki-based Apps and User Feedback Management Service AppFollow.io Secures $1.1M in Funding Led by Vendep Capital & RTP Global

Helsinki-based App Management and User Feedback Service AppFollow.io Raises $1.1M in Funding from RTP Global and Vendep Capital

HELSINKI, FINLAND, September 17th – AppFollow, a Helsinki-based startup that helps businesses manage mobile apps and user feedback from all major app stores, has secured an investment of $1.1M The round was led by the company’s current investors — Vendep Capital and RTP Global, who have previously invested in AlphaSence, Delivery Hero, Inside Secure, Leadfeeder, Xolo and Yandex.

The deal followed last year’s round of $930k from Vendep Capital and continuous company growth in 2018 & 2019. This year, AppFollow doubled its ARR crossing €1M mark with over 1,200 paying customers.

AppFollow has been offering a full suite of services for tracking and analyzing mobile app data and customer sentiment since 2014. The founders seek to strengthen the company’s presence in the U.S. and European markets by using this investment for new product development and increasing sales and marketing activities.

“With 4 million apps in the App Store and Google Play Store, it’s hard to keep track of critical app updates and find opportunities for growth, — describes AppFollow’s CEO Anatoly Sharifulin the problem the company solves. — With AppFollow, companies can get an overview of all what happens in app stores including changes of app rating, rankings, featuring, user reviews and compare themselves to market leaders in a single dashboard.”

“Today, the competition is won by customer-obsessed companies. We highlight problems app users have and save businesses time by allowing support teams to reply to all user reviews either in our dashboard or services like Zendesk, Helpshift or Slack,” — Anatoly highlights AppFollow’s key difference from their competition.

Being fully remote, the company has grown from 15 to 63 members of staff in 1 year. Now, employees cover 11 countries all over the world and can assist AppFollow’s clients in different time zones.

AppFollow serves both big and small companies like Babbel, HBO, Gett, Wrike, Wargaming, Upwork, JamCity, Deezer to name a few that want to bring their apps to the top of the charts. The startup generates revenue by charging customers a monthly fee based on the number of tacked apps and reviews they are looking to reply to.

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IBM, Citi, and Ubisoft join the list of backers for Tribe Accelerator

Tribe Accelerator 2

Tribe Accelerator 1

19/09/2019 – Tribe Accelerator announces on Wednesday that IBM, Citi, and Ubisoft are coming onboard as corporate partners. Joining the ranks of AXA, BMW Group Asia, Intel, Infocomm Media Development Authority (IMDA), Nielsen, PwC, and Temasek.

The three newly joined corporate partners will be working with the accelerator’s second batch of startups, composing of blockchain technology-fueled startups in different sectors such as media, advertising, fintech, healthcare and more.

The news comes following the successful completion of their inaugural batch of start-ups including design studio Mighty Jaxx and online car auction platform Quotz. The accelerator has taken its cohort to a global demo tour in Singapore, Shanghai, Seoul, and San Francisco, raising over US$12M across three months.

Singapore government-backed, Tribe Accelerator was founded in 2018 aiming to be a neutral platform that drives collaboration and growth for the blockchain ecosystem, connecting startups with glocal corporations, government agencies and established blockchain companies.

The managing partner at Tribe Accelerator, Ng Yi Ming expressed the firm’s pleasant surprise at the success of their inaugural batch and added: “By ensuring all parties are aligned with a common objective, it has greatly reduced information overlaps and made solution integration prompt.”

Media also quoted Carl Wegner, managing director and head of Asia of R3, one of the partners with the accelerator, saying: “Tribe Accelerator has displayed its ability to solve real business problems in complex and highly regulated markets, and has been able to identify tangible use-cases for blockchain.”

Tribe Accelerator is an initiative under the Tribe organization, together with OpenNodes and Tribe Code, to fill in the gaps in Singapore’s maturing blockchain ecosystem. Tribe Accelerator provides a platform for startups to grow, while OpenNodes connects government agencies, corporates, and blockchain firms through their web-based engagement platform, finally, Tribe Code works on providing blockchain programming education.