Appconomy Closes $10 Million Financing Round, Including Strategic Shareholder Neusoft; accelerates operations in China

Appconomy Closes $10 Million Financing Round, Including Strategic Shareholder Neusoft; accelerates operations in China

Appconomy's AppWallet marketplace and AppWallet app for smartphones, tablets, and underline phones presents a singular event for tellurian brands to fast benefit a poignant commerce channel in China. New investors, Qiming Ventures and Neusoft, and existent investors, WTI and True Ventures, participated in a $10 million turn of Series A equity and try debt appropriation dictated to accelerate Appconomy's vital initiatives and operations in China.

Austin, TX and Shanghai, China (PRWEB) Dec 19, 2011

Appconomy, Inc. announced currently that it has sealed a $10 million turn of Series A equity and try debt appropriation dictated to accelerate a company’s vital initiatives and operations in China. Shanghai-based Qiming Ventures led a round, and will have a deputy join Appconomy’s house of directors. Neusoft Corporation became a poignant minority shareholder of Appconomy. Other participants in a turn enclosed existent investors Western Technology Investment and True Ventures.

“With these two, new cornerstone commitments from Qiming and Neusoft, Appconomy will pierce fast to move a singular AppWallet marketplace for tellurian brands and internal merchants to China,” pronounced Steve Papermaster, Chairman and co-CEO of Appconomy. “I’m gay to acquire Qiming Ventures as an investor, with Managing Director Gary Rieschel fasten a Appconomy house of directors.”

In further to shutting a financing round, Appconomy also sealed a vital fondness agreement announced in Sep with Neusoft Corporation, China’s largest IT resolution and use provider. Together, a companies devise to precedence total business and partners in China and a U.S., a dual largest markets for apps in a world.

“With these new partnerships and collateral commitments closed, we have begun handling aggressively in holding a AppWallet marketplace, and smartphone and inscription apps to consumers and merchants in China,” pronounced Brian Magierski, President and co-CEO of Appconomy.

Appconomy's footprint in China includes a Chinese corporate domicile in Shanghai and a growth core in Chengdu, Sichuan province. The association continues to work a U.S. domicile in Austin, focused on product growth and U.S. business development.

About Qiming Ventures

Qiming is a premier try collateral organisation with over $1 billion underneath management, with several offices in China and a U.S. For some-more information, revisit .

About Neusoft

Neusoft is a heading IT resolution and use provider in China with operations opposite a globe. Focusing on program technology, Neusoft provides attention solutions, product engineering solutions and associated program products & platform, and services. For some-more information, revisit .

About Appconomy, Inc.

Appconomy operates a cloud-based height for mobile selling and commerce that directly connects consumers and merchants by a AppWallet(TM) marketplace and AppWallet(TM) app for smartphones, tablets, and underline phones. For some-more information, revisit .

###

Steve Guengerich
Appconomy
(512) 347-3880

News referensi http://news.yahoo.com/appconomy-closes-10-million-financing-round-including-strategic-120038082.html