The mobile app performance software HeadSpin has raised Series B funding worth of $20 million today and is expecting to double its revenues in 2018. Investors such as ICONIQ Capital, EQT Ventures and Battery Ventures participated in the funding, joined by other investors such as GV, Danhua Capital, Telstra Ventures, NextWorld Capital, and Nexus Ventures Partners. According to VentureBeat, the infused cash will be used to address the demands of the customers and to grow the company’s workforce.
According to a statement by ICONIQ co-founder Will Griffith, HeadSpin’s performance has been outstanding as a startup company and has appealed the majority of the key players in the mobile world. The mobile app software company has already become the benchmark for other companies in the mobile world, becoming the fastest growing software companies ever seen.
The Palo-Alto based software company was joined by Manish Lachwani (ex-principal architect of the Amazon Kindle) last year. Under his command, the relatively unknown and a startup company has transformed into one of the fastest growing software companies. Lachwani joined by Brien Colwell (Nextop’s ex CEO) as the Chief technology officer and Sriram Krishnan (former head of international growth of Tinder) as the head of product are the top tier of the company. Read more at TechCrunch.