AAA EBay wins Appcelerator round auction

EBay wins Appcelerator round auction

Appcelerator, a US-based platform for developing mobile applications, has raised $9m in its series B round from a consortium including online auction company eBay.

EBay invested as its payments subsidiary, PayPal, signed an agreement to integrate its merchant channel with Appcelerator’s 77,000 web developers building commerce applications across handsets, tablets, connected TVs, and other devices across the main mobile operating systems.

The beta version of the mobile commerce joint venture, called Titanium+Commerce, has been launched and it will go live to more than 8 million PayPal merchants in the first half of 2011, the companies said.

Osama Bedier, PayPal’s vice president of platform, mobile and new ventures, said: "Appcelerator is already the number two Apple applications store publisher because they enable rapid mobile innovation."

Venture capital firm Sierra Ventures led the B round and alongside eBay, was joined by peer Storm Ventures. Sotrm had led Appcelerator’s $4.1m series A round in December 2008.

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