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Geenapp closes half a million euro seed round

The technology platform incorporates as investors Kima Ventures and Caixa Capital Risc, the capital risk manager of “la Caixa” Group

Barcelona, May 18th 2016Geenapp, a startup based in Barcelona, has closed a second round of funding for value 500,000 euros. This operation has participated the French company Kima Ventures, led by Xavier Niel, founder of the fourth French mobile operator Free Mobile.

On the other hand Caixa Capital Risc, the venture capital manager of the “la Caixa”. This new boost will accelerate its presence in the international market and continue with the optimization of the production process by incorporating human capital.

Geenapp is a technology platform that brings together all campaigns Apps to provide an intelligent system of promotion. Thanks to incorporation of this system, both web and social networks can promote other applications and it monetization, for each installation generated, even if the application is free, it can get incomes.

The platform manages more than 27,000 daily campaigns in 191 countries where it has gained in strength especially in highly competitive markets such as the US, Israel, India and el Central Europe. Is possible thanks to the program digitalization that allows out many campaigns at the same time, at the human capital of great talent and a constant investment in R&D.

The CEO Gina Tost has said: “The automation and global scalability of the business is essential to the growth of any technology company. This financing round is important to continue developing new tools that will allow us investigate the economy of Apps and it flow in different markets”.

With 100% Spanish technology, the startup has been recognized by the prestigious Wired magazine as one of the 100 best European startups and recently received the award “One of the 100 Best Female Founders” by The Hundert Magazine.

 

About Geenapp
Geenapp was born in Barcelona in 2013 in reply to increasing demand from Apps developers in attracting new consumers. The company works on gaining users and give visibility to global Apps based on CPI campaigns (cost per install), CPE (cost per engagement) or CPA (cost per action) for all mobile operating systems. The management team is composed by Jaume Ferré as Chairman, Gina Tost as CEO, and Javier Casares as CTO. 

About Kima Ventures
Kima Ventures is one of the world’s most active early-stage investors, investing in 2 to 3 startups per week all over the world; providing founders with funding, network and support for them to reach the next steps of their journey. Headquartered in Paris with an office in London, we are founded and backed by Xavier Niel, founder of Iliad and supporter of entrepreneurs through such projects as 42, 1000 Start-Ups @ La Halle Freyssinet and 101projets. Over the last 5 years we’ve invested in over 370 startups in 24 different countries, such as Transferwise, Docker, Angellist, Captain Train, Aircall, eShares and Pandadoc.

About Caixa Capital Risc
Caixa Capital Risc, a 100% company of CriteriaCaixa, is the venture capital manager of the “La Caixa” Group, that invests in the firsts periods of innovative Spanish companies with a high growth potential and assists them with the different stages of growth.

The manager is a multi-specialist investor who devotes it attention to sectors considered emerging: life sciences, technology, and digital and technologies for the industry. Caixa Capital Risc manages a volume of 180 million euros through 8 investment funds, and has more than 180 portfolio companies.

Besides the investment activity, it develops an intense activity supporting entrepreneurs throughout Spain. La Caixa Group promotes initiatives throughout the EmprendedorXXI, that provide training and visibility to new companies with high potential, making easier the generation of value-added contacts.

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