Israel-based digital delivery company IronSource has secured an additional $20m in a second tranche led by industrial conglomerate Access Industries, raising its overall series A funding to $105m.
Other investors in the initial and this second tranche have been disclosed, but reportedly comprise a range of strategic and institutional investors based in the US, Europe and China. Access also contributed to the initial $85m tranche in September 2014 and has now invested $25m in total.
Founded in 2010, IronSource has developed a platform that handles distribution, delivery and monetisation of web, desktop and mobile applications. The company currently facilitates more than seven million app installations a day.
IronSource will use the funding to grow its market share, develop new products, expand internationally and make acquisitions.
Tomer Bar-Zeev, chief executive and co-founder of IronSource, said: “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.”