/// Investors Plug Another $25 Million Into IPO-Bound Flurry

November 2, 2012  |  All Things Digital


Flurry frequently receives a lot of attention for reports it publishes on the app economy. It even once got  its wrist slapped by Steve Jobs  for peering into Apple’s iPad launch plans and posting the results. But for once, as part of announcing its fourth round of capital today, Flurry is talking about how well its own business is doing — and things aren’t too shabby. In an interview, Simon Khalaf, Flurry’s president and CEO, said the company’s revenues are on track to hit $80 to $100 million this year, up 300 percent over 2011. The company is also cash-flow positive and is on track to go public as soon as next year. Crosslink Capital led the $25 million round with participation from existing investors, including Menlo Ventures, Draper Fisher Jurvetson, InterWest Partners, Union Square Ventures, First Round Capital and Draper Richards. Khalaf said they selected Crosslink, in part, because of the firm’s experience taking companies public, like Pandora and Ominture. In all, the company has raised $51.6 million.

Link:
Investors Plug Another $25 Million Into IPO-Bound Flurry


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