Android BtoB: Genymobile raises $ 2 million and exports to the United States
Genymobile has just raised $ 2 million (or € 1.55 million) from Canadian investor Ryan Cook. The operation was completed in early July. “We wanted to find a partner established in the United States, allowing us to raise funds for the first time and to enter this market. Ryan was introduced to us in a friendly way in mid-June by our strategy advisor ”explained Angélique Zettor and Arnaud Dupuis, the two managers, to Frenchweb. “Until now, the sales teams were very small, but this fundraising will be used in part for the recruitment of a sales team sized in line with our growth objectives”.
Recruit in the United States
The company wishes to take advantage of this investment to accelerate its growth. For that, it will open an American antenna. Angélique Zettor and Arnaud Dupuis have already settled in San Francisco for a month to prepare the ground in this country which already constitutes 50% of its customers. “We already have a significant number of prestigious clients in the United States, such as Facebook, Microsoft, Twitter, Bank of America, LinkedIn, Wells Fargo and many more.”
Positioned in B2B, the company supports large groups and French administrations in the deployment of connected objects and mobile tools running on Android. Among its customers are EDF, JC Decaux and Thales. In 2012, it also launched an emulator, Genymotion, used by 2 million developers around the world.
Triple turnover in 2015
More recently, it launched Genydeploy, a secure solution to activate fleets of mobile phones. It is thus possible to simultaneously configure several mobile terminals in a few clicks and to administer them from an interface allowing to obtain reporting and statistics. With this offer, Genymobile has set itself the goal of reaching 3 million equipped terminals by 2015. Average value per terminal: $ 2.
Founded in 2011 in Paris, Genymobile is targeting $ 5.3 million in sales and 50 employees by the end of the year. “Our objective is clear: to triple Genymobile’s turnover in 2015, while strengthening our activity as a software publisher on Android technology”.
In 2012, Frenchweb interviewed Cédric Ravalec, founder of Genymobile (he recently left the company):