Russian-American startup iBuildApp raises another $200,000

Mobile app builder iBuildApp has raised $200,000 from Starta Capital and Nikolay Belykh. iBuildApp is an international project that enables clients to build and manage mobile apps. As well as being a resident of Moscow’s Skolkovo IT-Park, the project also has its headquarters in Foster City, California.

Mobile app builder iBuildApp has raised $200,000 from Starta Capital and Nikolay Belykh. iBuildApp is an international project that enables clients to build and manage mobile apps. As well as being a resident of Moscow’s Skolkovo IT-Park, the project also has its headquarters in Foster City, California.

This investment brings the total invested in the project to $1.9 million, including $175,000 injected at seed stage by Starta Capital. The startup’s latest round of funding came a few months ago with a group of private investors bringing in $525,000.

The startup has clients all over the world, and by March this year these had created more than 660,000 apps using iBuildApp’s platform. In Russia the project’s most famous client is Sberbank, which has created more than 50 apps via iBuildApp. According to its CrunchBase profile, its platform is also used by a number of Fortune 2000 companies in the US.

Mikhail Gurevich, head of the investment company 101Startup, is glad to see investors continuing to put their faith in iBuildApp. “This is a challenging sector and many projects fail to live with the competition. Clients and consumers are becoming ever more demanding, and AppStore and GooglePlay are continually making their cooperation rules more complicated,” the investor said.

“iBuildApp managed to establish a relatively stable position in this niche some time ago, and its good to see investors continuing to support it,” he added.

Starta Capital is a Moscow based investment company launched in 2011. According to Rusbase, it is affiliated to Accessor Fund I, a $3 million fund founded in April this year.

First pulished at East-West Digital News.

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