APPrise Mobile, the native app platform for mobile communications and creator of theEMPLOYEEapp® and theIRapp®, today announced that it has closed its initial "Series Seed" equity capital round of financing. With investments by TMT Investments PLC, principals ofTerrapin Partners, LLC and several angel investors, the company raised more than $1 million.
Since the creation of its mobile platform in 2012, APPrise Mobile has experienced rapid steady growth within the corporate communications and HR industries and was recognized by the leading technology analyst group, Gartner, as one of its "Cool Vendors" in the Digital Workplace category in 2016. Today more than 400,000 employees have access to APPrise Mobile's theEMPLOYEEapp offered by their employer. With the additional funding, the Company will continue the development of its turn-key software technology and accelerate its sales and marketing initiatives.
"We are excited to have the support and partnership of TMT Investments in Silicon Valley and Terrapin Partners in Silicon Alley," said Jeff Corbin, CEO and Founder of APPrise Mobile. "Since we founded our company more than four years ago, Fortune 100 and enterprise organizations across all industries have embraced our technology solution for its simplicity and cost effectiveness. In under a month, any company can have its own branded app to communicate with its employees, investors and other external constituents."
"In a very short period of time, Corbin and his team have recognized a need in the communications and HR industries, built a solid platform and gained significant traction among large enterprises as well as SMBs that need a way to communicate with their various internal and external audiences through their mobile devices," said Artyom Inyutin, Head of Investments of TMT Investments. "Their impressive roster of global clients combined with triple digit growth was a driving force in our interest in the company. We look forward to working with the APPrise Mobile team as they capture this market."
Nathan Leight, Founder of Terrapin Partners, LLC and an investor said, "Unlike other tech companies trying to enter the space, APPrise Mobile's roots and domain expertise are in the industries they are directly selling to – corporate communications and HR. Our decision to invest and partner with them was based on our belief that all companies will need to incorporate mobile into their employee and external communications efforts. APPrise Mobile has removed the barrier to them doing so."
About APPrise Mobile
Created for and focused on the communications industry (corporate communications, public relations and investor relations), APPrise Mobile is an mobile platform that allows any organization to have its own proprietary branded app on the public app stores or as part of a mobile device management (MDM) or enterprise solution. Its proprietary software allows companies to organize and distribute information as well as to communicate with targeted audiences (e.g. employees/investors) without having to incur the time and expense associated with native app development.
