Flurry Inches Closer to IPO After ‘Flurry’ of New Investments

Flurry today announced its fourth round of capital infusion and is praising its thriving business model. On Friday, Flurry confirmed it has received $25 million in an oversubscribed Series D round of financing led by Crosslink Capital. In an interview with All Things D, Flurry CEO Simon Khalaf says his company’s revenue is on track …   Read More

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Flurry today announced its fourth round of capital infusion and is praising its thriving business model.

On Friday, Flurry confirmed it has received $25 million in an oversubscribed Series D round of financing led by Crosslink Capital.

In an interview with All Things D, Flurry CEO Simon Khalaf says his company’s revenue is on track to hit $80 million to $100 million this year.

“Flurry is a unique, mobile-first company playing at the intersection of big data, mobile applications and digital advertising,” Flurry says. “We look forward to using this new round of funding to significantly accelerate our growth in one of the fastest growing technology markets in history.”

The company is also cash-flow positive, and is on track to go public as soon as next year.

“Flurry is powering a new wave of digital advertising with big data for the mobile app economy in an exciting way,” said Nick Mignano, Partner of Crosslink Capital. “The scale at which the company is operating in terms of data volume, ad serving and revenue generation impressed our team. This enables one of the most innovative uses of data for business customers since our private investment in Omniture in 2006.”

In terms of growth, there has been no shortage of its in recent months. Flurry AppCircle, for example, has grown by more than 3 times in volume over the last year alone.

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