News Briefs

Accel Backs GetJar

By
PE Hub Staff
-

GetJar, a mobile application distribution and developer community, has raised an undisclosed amount of Series A funding from Accel Partners. The company has offices in the UK and Lithuania.

PRESS RELEASE
GetJar ( http://www.getjar.com / wap.getjar.com), the world's most popular mobile application distribution and developer community, has closed a Series A investment from Accel Partners. Working with entrepreneurs from around the world, Accel has been responsible for developing and enhancing some of the world's leading brands of our era including companies such as: Facebook, MetroPCS, Riverbed, RealNetworks and Macromedia.

Founded by CEO, Ilja Laurs, in Lithuania, GetJar has recently passed the 100 million downloads barrier and boasts a user base covering every country in the world with a mobile infrastructure in place. The company has recently relocated its headquarters to London with Accel Partners Heikki Makijarvi and Kevin Comolli taking up positions on the GetJar Board of Directors.

“We are delighted to have secured such an excellent partner in Accel to help develop GetJar even further, explained Ilja Laurs, CEO of GetJar. “The team we have assembled has superb levels of experience which will enable us to build on what is already a worldwide user base and developer community.”

“Everyone in the mobile world has long known about GetJar and what a phenomenon it has become,” explained Kevin Comolli, Managing General Partner at Accel Partners in London. “This partnership will accelerate its growth to the next level and allow it to continue its record of success for it developer and user communities alike.”

About Accel Partners

Accel was established in 1983 with offices in Palo Alto, California and London, as well as in China via the Accel-IDG partnership. Accel Partners ( http://www.accel.com ) has a history of excellence and innovation in venture capital. With over $3 billion under management, Accel has helped world-class internet and technology entrepreneurs build over 300 successful companies, many of which have become category-defining enterprises.

Example Accel investments have included: Actuate, Agile Software, Airgo, Arrowpoint, BBN Technologies, BitTorrent, Brightcove, Brightmail, ComScore, Facebook, Foundry Networks, Glam Media, Interwoven, JBoss, Kayak, Macromedia, Medio Systems, MetroPCS, Netopia, Northpoint, Omneon Video Networks, PictureTel, Polycom, Portal Software, Realnetworks, Redback, Remedy, Riverbed, SupportSoft, Tellium, Trapeze Networks, UUNet, Veritas, Walmart.com, Webroot, Wily Technology and Zimbra, among others.

About GetJar

Founded in 2004, GetJar ( http://www.getjar.com/wap.getjar.com ) is the world's most popular mobile application distribution and developer community, with over 200,000 registered developer and beta-tester accounts.

GetJar operates a groundbreaking business model in which all industry groups from consumers and developers to publishers and advertisers are connected in an interactive environment, which also gives users an active role in product development.

With over 100 million downloads from the site in just two years, and currently averaging over 8 million downloads per month, GetJar sits at the heart of the mobile development world, with visitors to the site coming from 135 countries worldwide.

GetJar is based in the UK and Lithuania.

www.getjar.com