Aptoide, the leading alternative Android app store, announced the successful closure of an €8.5 million investment round with Digital Turbine, the independent mobile growth platform. The investment solidifies the commitment of both Aptoide and Digital Turbine to providing app developers, distribution channels, telecommunications operators, and users with an open, innovative alternative for app distribution and monetization.
The €8.5 million investment serves two primary purposes. First, it supports Aptoide’s vision to develop further and promote GamesHub and Catappult, two groundbreaking platforms in the mobile app ecosystem.
Paulo Trezentos, Aptoide’s CEO, commented on the strategic partnership and investment, stating:
“We are thrilled to strengthen our partnership with Digital Turbine and leverage their expertise to enhance app discovery and distribution. This investment underscores the incredible growth and potential of Aptoide, showcasing the tremendous potential of this partnership to transform the mobile app distribution landscape”.
Bill Stone, CEO of Digital Turbine, expressed his enthusiasm, saying:
“Our partnership with Aptoide has enabled us to create a highly curated environment for premium app discovery through GamesHub. The expanding partnership leverages technology from both companies to develop new and innovative distribution products for our mobile operator, OEM, and app developer clients. We are excited about the potential of this partnership and the strategic direction we are taking together”.
In October 2022, Digital Turbine announced a strategic investment in Aptoide, marking the first step in the fruitful relationship between the two companies. Digital Turbine’s initial investment led to Aptoide’s Series-B funding round of $12 million USD, which also included investments from Faurecia, Portugal Ventures, and the 200M Fund, a Portuguese co-investment company.
