Mobile acquisition and management firm Maple Media raises $30 million

Date Type Companies involved Size
February 22nd, 2017 investment Maple Media $30m
Mobile acquisition and management firm Maple Media raises $30 million

Los Angeles-based mobile acquisition firm Maple Media has raised $30 million from private equity firm Shamrock Capital to increase its operations.

Maple Media was founded by former Jam City co-founder Michael Ritter and investor Clark Landry, whose previous investments include mobile game publisher Scopely.

The company's aim is to acquire and manage a number of mobile studios that develop everything from games to productivity apps. It currently manages over 150 apps with billions of monthly mobile ad impressions combined.

An ideal partner

"We have found that many app developers want to focus on what they are good at and love to do - creating great apps for mobile users. Focusing on the day to day management and monetisation of apps is a different skill set and is a full-time effort," said Michael Ritter, CEO of Maple Media.

"We felt that Shamrock Capital was an ideal partner for us in executing on our plan. They shared our vision for this opportunity and have an unparalleled reputation as dynamic, high integrity investors in the media and entertainment industries."

As well as seeking companies to manage, Maple Media is also aggressively hiring to expand its business. Those interested can find out more on the company's website.

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