ironSource officially announced the latest investment. The funding is in addition to the approximately $85 million raised by ironSource in September 2014, and officially closes the funding round at over $100 million.
The funding was widely reported and ironSource received coverage in Business Insider, Forbes, Adexchanger, Reuters, VentureBeat 36kr in Chinese, and in the Hebrew press - Globes, The Marker, Calcalist and more.
“This new funding will allow us to build on our market dominance to truly disrupt the industry, and revolutionize the way we all download and use applications,” said Tomer Bar-Zeev, ironSource CEO and Co-Founder. “We are very proud to have Access Industries as a strategic and growing partner in ironSource, and are already seeing tremendous value from working closely together.”
“The market need for a comprehensive distribution solution like ironSource is only set to grow, and we were keen to expand our stake in such a company with a huge potential for growth,” said Daniel Shinar, who led the deal for Access. “ironSource has an exceptionally strong team, and their trajectory thus far has been stellar. We’re excited to be a part of the next stage of their continued growth.”
Following the investment, Daniel Shinar will join ironSource as a Board Observer. Shinar is ClalTech's CEO and serves on Access’ behalf as a board member for global companies including Rocket Internet, one of the world's largest Internet companies (FRA: RKET), and other leading global tech companies.