Leading mobile measurement and fraud prevention company, Adjust, announced the completion of its latest fundraising round, as it raises a whopping $227 Million. The round was led by Eurazeo Growth, Highland Europe, Morgan Stanley Alternative Investment Partners, and Sofina. This brings Adjust’s total funds raised to $250 Million.
Adjust provides high-quality analytics, accurate measurement, fraud prevention and cybersecurity solutions for over 25,000 mobile apps worldwide and works with leading global brands including NBCUniversal, Zynga, Robinhood, Pinterest, Procter & Gamble, Runtastic, Rocket Internet, Canon, HotelTonight, BlaBlaCar, Viber, FNAC, Deezer, Tencent Games, Nexon, Takeaway.com, HelloFresh, Yandex, Manchester United and Universal Music Group.
Adjust will use this additional funding to expand its product suite in order to provide marketers with a single platform for all their needs. The company also plans to increase its presence in new and existing regions.
“This latest round of funding will be instrumental as we continue to unify brands’ marketing efforts, making marketing simpler, smarter and more secure. The investments we make in our product will further empower our clients to move the needle in their markets, as we become mobile’s definitive growth engine,” said Christian Henschel, Co-founder, and CEO at Adjust. “Alongside our existing investor Highland Europe, we’re pleased to welcome Eurazeo Growth, Morgan Stanley Alternative Investment Partners and Sofina on board who share our goal and will play a fundamental part in accelerating our growth strategy.”
“Adjust reached profitability just three years after its creation, and has seen extraordinary growth since then,” commented Yann du Rusquec, from Eurazeo Growth. “The company is ideally positioned to further expand its product and footprint throughout 2019 and beyond, cementing its position as one of the most successful global tech champions to come out of Europe.”
Sam Brooks from Highland Europe added, “The mobile industry is constantly evolving, and the Adjust team has proven to consistently innovate and grow ahead of the market. We are fortunate to have been a part of the impressive journey over the past few years and we are thrilled to be further supporting Adjust on its next stage of growth.”