App Deals

Chinese tech giant leads €40m round for payments app Lydia – Mobile Marketing Article

Mobile payments app Lydia has raised €40 million in Series B funding led by Chinese tech company Tencent. There was also participation from existing investors such as Open CNP by CNP Assurances, XAnge and New Alpha. The French startup will use the funding to extend the scope of its platform and expand across Europe. It has already attracted more than 3 million users in France and claims to add approximately 5,000 new users each day. Lydia co-founder and CEO Cyril Chiche…

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Language-learning app Duolingo hits $1.5bn valuation after latest fundraise – Mobile Marketing Article

Duolingo, the language-learning app and platform, has closed a $30 million Series F round from CapitalG, Alphabet’s growth equity investment fund. This brings the company’s total funding to $138 million and values the tech startup at $1.5 billion. With 30 million monthly active learners, Duolingo is the most downloaded education app in the world. Since its last funding round in July 2017, the company has grown revenue via its paid subscription offering, Duolingo Plus, and is now also the top-grossing education…

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US expansion on the menu as nutrition app Foodvisor bags $4.5m – Mobile Marketing Article

French food nutrition app Foodvisor has secured funding of $4.5 million after surpassing two million users. The investment round was led by the Demeter Agrinnovation fund and supplemented by business angels and will allow the startup to accelerate its growth plans in the US. Foodvisor was launched in 2018 in France with the mission of helping people know how to eat smart so they can live healthier and better lives. It claims to be the most advanced artificial intelligence-powered food…

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