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Apptopia raises $20M to expand its competitive intelligence business beyond mobile – TechCrunch


Apptopia raises $20M to expand its competitive intelligence business beyond mobile
Boston-based Apptopia, a company providing competitive intelligence in the mobile app ecosystem, has closed on $20 million in Series C funding aimed at fueling its expansion beyond the world of mobile apps. The new financing was led by ABS Capital Partners, and follows three consecutive years of 50% year-over-year growth for Apptopia’s business, which has been profitable since the beginning of last year, the company says.
Existing investors, including Blossom Street Ventures, also participated in the round. ABS Capital’s Mike Avon, a co-founder of Millennial Media, and Paul Mariani, are joining Apptopia’s board with this round. ....

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Verizon's data privacy limits contributed to the demise of its media ambitions


The promise of owning content to deliver ads fueled by mobile subscriber data was a powerful lure driving Verizon to acquire two of the web’s oldest and best-known media brands.
But despite CEO Hans Vestberg’s eventual disinterest in holding onto the legacy properties of AOL and Yahoo culminating in the telecom company’s sale of Verizon Media to Apollo Global Management announced earlier this week digital ad industry execs say regulatory pressures, tech industry privacy moves and internal restrictions on data sharing contributed to Verizon’s decision to unload its media and ad tech properties, including its ad tech stack and identity tech product, ConnectID. ....

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