Durham, NC – Appia, the world’s largest open app marketplace, today announces that it has secured a $10 million investment from Venrock. Appia will use the new capital to accelerate product development of its open app marketplace and launch app stores for partners around the world. Dev Khare, Vice President at Venrock, has joined the company’s board of directors.
Appia’s strategy of powering white-label open app marketplaces recently earned Appia a ranking of #15 on the Wall Street Journal’s list of the top 50 venture-backed companies out of a field of over 5,700 companies. Appia also recently announced partnerships with Opera Software, the #1 Web browser for smartphones, to power the Opera Mobile Store for more than 100 million users, as well as with Telcel, Mexico’s largest operator, to power the Ideas Appstore for Telcel’s 64 million subscribers.