Indianapolis-based App Press says it has completed a seed investment round from a group led by Elevate Ventures. The company says it will use the funding to “redefine” the way it creates apps and address “key industry mobility challenges.”
December 15, 2014
Indianapolis, Ind. — App Press today announced that it has completed a fully subscribed seed investment round from a nationwide coalition of investors to transform enterprise and consumer mobility through a new method of app creation—bringing a design-first approach to mobile app authoring.
The seed round was led by Elevate Ventures and included participation by VisionTech Angels and several individual angel investors.
“App Press is at a pivotal point. Companies in all sectors are looking for more efficient, cost effective ways to develop and deploy custom apps to build business and customer relationships,” said Grant Glas, App Press' Founder & CEO. “Having Elevate, VisionTech and this strong group of individual investors will give App Press the resources and guidance to rapidly grow our business.”
App Press aims to use the funding from this round to redefine the way app creation will get done, address key industry mobility challenges and spark true mobile-led business and consumer change.
“We are very impressed with App Press' strong mobile product offering and the excitement the company has generated from its customer base,” said Phil Lodato of Elevate Ventures.
“We are proud to have several B2B software companies in our portfolio that have successfully built upon Indiana's talent and capital base in that sector. We firmly believe that App Press is well positioned to join those ranks.”
Don Scifres, co-founder and managing partner of VisionTech Partners, is pleased to add App Press to the VisionTech Angels' investment portfolio. “We are committed to bringing our investors early stage and early growth Indiana-based companies with the potential for strong return on investment.
We welcomed the opportunity to invest in App Press, which has a strong, highly desirable solution in the fast-growth sector of mobile apps.”
App Press' mobile experts have been at the forefront of mobile innovation. App Press has secured over 100 paying customers worldwide, including Nordstrom, WeddingWire, Simon Property Group and some of the largest creative agencies in the United States.
Source: App Press