The German start-up, Adjust, just raised $227 in a funding round to place the monies the company has raided for fighting fraud at $250 million.
The funding round was led by Highland Europe and Eurazeo Growth among other investors.
The company was launched in 2012 and has seen profits for a while and a growth of 80% per year. In its last funding in 2015, the company raised $15 million and is now installed in more than 25 000 mobile apps.
Adjust is planning to use the raised money to expand around the globe and grow its product portfolio. It will also invest in new tech to fight fraud.
At the beginning of this year, the company got data from Acquiered.io and Unbotify. It partnered with Japanese agency Adways to make use to the Partytrack attribution tool.
The headcount of the company has grown to 350 employees across 15 offices all over the world.
‘Adjust gained profits just three years after launching and has seen tremendous growth since then,’ said Yann du Rusquec from Eurazeo Growth. ‘The company is well placed to keep expanding for the remaining parts of the year, cementing its place as the most successful global tech company from Europe.’
The transaction is yet to be approved by antitrust authorities.