Adjust, the Germany-based developer of a business intelligence platform for mobile apps that counts corporate-backed venture capital firm Iris Capital among its investors, received $17m in funding from Highland Capital Europe on Wednesday.
Founded in 2012, Adjust has built a business intelligence system that provides analytics for mobile apps, enabling developers to track and analyse user acquisition and connect to advertising networks and publishers. It has now accumulated about $30m of funding since it was founded.
Adjust raised $7.6m in a September 2014 series C round featuring Iris Capital, which is backed by telecommunications company Orange and public relations firm Publicis, Capnamic Ventures, Active Venture Partners and Target Partners.
Iris, Capnamic and Target had already provided $4.3m of series B capital for Adjust in 2013.
Highland investment’s will be used by Adjust to accelerate product development. Highland Capital Partners is an affiliate of US-based VC firm Highland Capital Partners.