Urban Airship Secures $1.1 Million in Venture Capital Funding
Published on 16 Feb 2010
We’re excited to confirm that our company has received $1.1 million in Series A funding. True Ventures, a Bay Area-based venture capital firm, is leading the round.
True specializes in seeding very early stage entrepreneurs. Like us. Our team of 4 people has been heads down for the past six months, developing a solid infrastructure to power some cool products and services for the mobile communications market. In this time, we have partnered with a significant customer base to deliver push notifications and in-app purchase (1,500 of customers, 10 million devices and 110 million messages sent, to be exact). Our customers see enormous potential and entirely new business models built around mobile content delivery and messaging, and in Urban Airship, an infrastructure that can support them.
True Ventures recognizes the potential of the mobile market, and is the ideal partner to guide us on a solid course to execute on our market opportunities. The firm has a great reputation among start-ups for being especially friendly to entrepreneurs, and we received ringing endorsements from some of its other clients. We look forward to leveraging this investment to build for future growth.
The first question everyone asks is what will we be doing with the investment? We’ll be using the funds to grow our engineering team. We are actively looking for engineers in the Portland-area to join our development team. Urban Airship is in growth mode—we expect to employ around a dozen people by year end, effectively quadrupling our size.
We have lots of great stuff up our sleeve—our near-terms plans include introducing new products and services, extending push notification compatibility with more mobile platforms and rolling out some other cool stuff.
Keep an eye out. The best is yet to come.