US-based enterprise mobility company Kony secured $50m in series E financing today in a round led by new investor Softbank Capital, the corporate venturing arm of Japan-based telecommunications company Softbank.
Softbank was joined in the round by existing backers Telstra Ventures, which acts as the corporate venture capital unit of Australia-based telecom company Telstra, Insight Venture Partners, which co-led the round, and Georgian Partners, as well as new investors Delta-V Capital and Hamilton Lane.
Founded in 2008, Kony has created a cloud-based mobile app development platform that serves over 20 million users across 45 countries. It secured $18.3m from Telstra in July 2013 and has now raised approximately $108.4m altogether according to press releases and SEC filings.
“SoftBank’s portfolio of companies and position as a global leader in wireless technology give us a very clear view to the power and potential for enterprise mobility,” said Steve Murray, partner at SoftBank Capital.
“We believe Kony is uniquely positioned to seize a leadership position in this nascent, but rapidly growing market and can build a business of substantial size and importance.