VC fundraising for mobile apps companies
The mobile app funding environment is unrecognisable from 2021. ATT broke paid attribution, payback periods stretched, and funds that underwrote on top-of-funnel install growth have either left or rewritten their criteria. Active capital underwrites on subscription cohort retention, organic install share and store-rank durability - not install velocity.
Capital in mobile sits across a known group: consumer funds with mobile track records like Lightspeed, Forerunner and Index, app-focused growth investors, a set of European mobile-native funds and subscription-app specialists who underwrite on cohort curves. A handful of strategics - Google's venture arm, the larger app holdcos - also write cheques before they consider acquiring. Flow has direct partner-level relationships across that group.
Flow has experience running VC fundraising processes for mobile app companies across consumer subscription apps, utility apps, photo and video tools, health and lifestyle apps and freemium content publishers. Our extensive investor network spans early-stage seed funds, growth-stage investors, and strategic and corporate VC arms.
"Mobile apps" KPIs VC investors look at
The metrics venture investors benchmark before pricing a round - in diligence, at the IC table, on the term sheet.
DAU
MAU
DAU / MAU
D1 / D7 / D30 retention
Paid conversion
Subscriber ARPU
App store fee leakage
Refund & chargeback rate
Cost per install
Paid LTV
Organic install share
Store rank stability
Mobile apps valuations in May 2026
Public mobile apps comps trade at 1.3x EV/Revenue. Median revenue multiple across mobile apps VC rounds was 8.1x in the last 12 months.
1.3x
Median EV/Revenue as of May 2026 for public mobile apps companies
7.7x
Meta is the highest valued public mobile apps company based on EV/Revenue (excluding outliers)
1.6x
Median EV/Revenue across mobile apps M&A deals in the last 12 months
8.1x
Median EV/Revenue across mobile apps VC rounds in the last 12 months
Key recent mobile apps VC rounds
$100M Undisclosed stage raised by Flink was the largest mobile apps VC round completed in the last six months.
See all mobile apps VC rounds| Logo | HQ | Description | Investors | |||||
|---|---|---|---|---|---|---|---|---|
Mar-26 | Flink |  | Flink is a Berlin-headquartered online grocery platform founded in 2020 that delivers multi-category products including fresh herbs, fruits, bread, essentials, and home supplies within ten minutes. The application emphasizes convenience items to reduce transit costs and time, operating rapid delivery services across urban areas in Germany and expanding into other European markets. | Btomorrow VenturesProsus Ventures | $100M | $900M | Undisclosed stage | |
Apr-26 | Snabbit |  | Snabbit is a Mumbai-based on-demand home services platform connecting users with vetted professionals for tasks like deep cleaning, laundry, dishwashing, kitchen prep, and bathroom sanitation. Bookings occur hourly with arrivals in 10 to 15 minutes, supported by AI algorithms for optimal matching based on location, skills, and ratings. The company manages end-to-end operations including recruitment, training at its academies, and insurance coverage for over 5,000 service partners. Operating in 12 Indian cities including Delhi, Bangalore, and Pune, Snabbit processes thousands of daily requests through its app. | Bertelsmann India InvestmentsFJ Labs+4 | $56M | $350M | Series D | |
Dec-25 | Phia |  | Phia is a price comparison platform for online shoppers, operating browser extensions and mobile apps across 10,000 retailers including resale sites like eBay. It flags overpriced items with used alternatives, sets price drop alerts, and curates personalized feeds based on browsing history. Launched for US consumers, Phia simplifies deal hunting via real-time data aggregation. | Khosla VenturesKleiner Perkins+1 | $35M | $185M | Series A | |
Mar-26 | Neon Mobile | | Neon Mobile is an online application that pays customers for anonymized phone call data. | Mercedes BentUpfront Ventures+1 | $25M | - | Seed | |
Mar-26 | Pronto | | Pronto is a mobile app-based platform for on-demand home services available 24/7 in major U.S. cities. Users book cleaning, laundry, handyman repairs, and deep cleaning sessions within 10 minutes, with options for instant, scheduled, or recurring appointments. Operating in New York, Los Angeles, and Chicago, Pronto connects verified providers using GPS dispatching and in-app payments. | Bain Capital VenturesEpiq Capital+2 | $25M | $100M | Series B | |
Mar-26 | Sandbar | | Sandbar builds a platform integrating voice, gesture, and haptic interactions to extend cognitive and creative workflows. Stream serves as its core product for capturing ideas, organizing notes, and hands-free music control. The Stream Ring wearable pairs with Stream for voice-activated, real-time information management. | AdjacentKanyi Maqubela+1 | $23M | - | Series A | |
Jan-26 | H | HOLYWATER |  | HOLYWATER is a technology company creating digital entertainment platforms that merge artificial intelligence with narrative storytelling, offering mobile apps for short-form video series, interactive digital books, audiobooks, and AI-generated serialized content. | Endeavor CatalystHorizon Capital+1 | $22M | $225M | Series A |
May-26 | Pronto | | Pronto is a mobile app-based platform for on-demand home services available 24/7 in major U.S. cities. Users book cleaning, laundry, handyman repairs, and deep cleaning sessions within 10 minutes, with options for instant, scheduled, or recurring appointments. Operating in New York, Los Angeles, and Chicago, Pronto connects verified providers using GPS dispatching and in-app payments. | UV Netware | $20M | $200M | Series B | |
Apr-26 | HAAT Delivery |  | HAAT Delivery is a Lahore-based on-demand food delivery platform operating in Pakistan's secondary cities like Faisalabad and Multan. The app connects users to 500+ local restaurants for meals, groceries, and pharmacy items with cash-on-delivery and GPS-based addressing for informal areas. Features include order tracking, promo codes, and rider insurance amid lacking street infrastructure. Launched in 2020, HAAT processes 50,000 orders monthly, partnering with eateries absent from major apps like Foodpanda. Its backend handles POS integration for small vendors. | Israel Postal CompanyLeiman Schlussel | $20M | $100M | Seed | |
Apr-26 | Eigen | Eigen is an AI platform that enhances real-world social connections. | Akshay KothariBenchmark+4 | $15M | - | Seed | ||
Feb-26 | Shizuku AI | | Shizuku is an open-source Android tool enabling apps to access privileged system APIs via ADB without root, supporting wireless debugging on Android 11 and later. | Andreessen HorowitzDeNA | $15M | $75M | Seed | |
Jan-26 | Cosmos | | Cosmos is a visual bookmarking platform designed as an alternative to Pinterest for designers and creators. San Francisco-headquartered since its 2022 launch, the service allows users to save web content into customizable clusters and share collections publicly. Cosmos integrates screenshot capture, AI tagging, and export to Figma or Notion, serving over 100,000 active users who curate mood boards for projects in graphic design and product development. | AccelAnthony Casalena+4 | $15M | - | Series A | |
Apr-26 | D | Dongli Retirement Club | Dongli Retirement Club is a social and entertainment platform for retirees aged 50-80. Members access travel, gatherings, merchandise, and hobbies. | DT Capital PartnersHengxu Capital | $15M | - | Series B | |
Mar-26 | Micronity |  | Micronity develops technology solutions that address constraints in time, distance, resources, and physical abilities through human-centered applications. | - | $14M | - | Seed | |
Feb-26 | Badge | | Badge is a New York-based employee engagement platform delivering workplace updates, announcements, and feedback via a mobile newsfeed. The app integrates with Slack, Microsoft Teams, and HR systems for personalized content delivery. Badge supports pulse surveys and recognition features for remote teams. Launched in 2015, it connects over 500 enterprises globally. | Infinity VenturesStripe+2 | $14M | - | Series A |
VC investors active in mobile apps
Robert DeMaio is the most active VC investor across mobile apps, having invested in 25 startups in the last three years.
See all mobile apps VCs| Logo | HQ | Description | Key portfolio | |||
|---|---|---|---|---|---|---|
R | Robert DeMaio | | Phinge Corporation develops hardware and software solutions centered on app-less technologies for secure transactions and communications. The company holds over 30 patents invented by founder, CEO, and majority shareholder Robert DeMaio. Phinge products include NFC-enabled Phinge Cards that enable payments without requiring mobile applications, targeting consumer and enterprise security needs across digital platforms. | Phinge | 25 | Undisclosed stage |
Antler |  | Antler is a Singapore-headquartered global venture capital firm founded in 2017 that invests in early-stage tech companies. It operates day-zero programs in 27 cities, backing 1,000+ startups with $100 million deployed annually across AI, fintech, and sustainability. Portfolio includes unicorns like Hold One and Tiqets, with a network of 3,000 mentors and 700+ investors for follow-ons. | OrigaSPUNDrift+2 | 24 | Pre-seed | |
Y Combinator | | Y Combinator is a San Francisco-headquartered startup accelerator that funds and mentors early-stage technology companies across sectors like software, biotechnology, and fintech. Since its inception in 2005, it has propelled alumni including Airbnb, Dropbox, and Stripe through intensive three-month programs featuring Demo Days and investor networks. | TotalisRemixSquid+2 | 23 | Pre-seed | |
Techstars | | Techstars is a Boulder-headquartered global network founded in 2006 that operates over 50 accelerators annually across 15 countries. It invests $120,000 in exchange for 6 percent equity in 500 startups yearly, spanning AI, sustainability, and healthcare. The firm manages a venture fund deploying capital into alumni companies and runs corporate partnerships with brands like Amazon and Barclays for innovation pilots. Techstars portfolio exceeds 3,500 companies valued over $15 billion collectively. | Bestie BiteSeoConcurso SolutionsClimatize+2 | 19 | Pre-seed | |
Robert DeMaio | | Robert DeMaio is the founder, CEO, and majority shareholder of Phinge Corporation. He holds over 30 granted patents in software and modular hardware. | Phinge | 17 | Undisclosed stage | |
Goodwater Capital | | Goodwater Capital is a venture capital firm investing in consumer technology startups. Menlo Park-headquartered, it backs companies addressing global challenges through apps and platforms reshaping culture and economies. | bemyfriendsMoney WalkTruely Travel eSIM+2 | 12 | Seed | |
LvlUp Ventures | | LvlUp Ventures is a global venture capital firm headquartered in San Francisco, accelerating startups from seed to public stages across 20 hubs including Silicon Valley and Singapore. It reviews 5,000+ applications yearly, investing in 100 companies with a 1,500-member network. Programs have backed unicorns valued at trillions collectively, per Forbes 2024. Founded in 2015, LvlUp pioneered bespoke acceleration scaling 50 firms annually at under 5% failure. | Award TechnologiesLulu LightMarkeret+2 | 10 | Pre-seed | |
General Catalyst | | General Catalyst invests in early-stage to growth companies across healthcare, fintech, enterprise software, and consumer sectors from offices in Cambridge, San Francisco, and New York. The firm manages over $25 billion in assets, backing unicorns like Airbnb, Stripe, and Canva. It supports applied AI initiatives through dedicated funds and provides operational expertise via its Resilience platform. | ProntoBevelStrawberry+2 | 9 | Seed | |
Peak XV Partners | | Peak XV Partners is a venture capital and growth investment firm managing over $9 billion across 13 funds with stakes in more than 400 companies throughout India, Southeast Asia, and beyond. Formerly Sequoia Capital India and SEA, the Singapore-headquartered firm supports startups from seed to late stages. Approximately 40 portfolio companies have surpassed $100 million in annual revenue, spanning fintech, e-commerce, and enterprise software. | MGrapevineDitto AI+2 | 8 | Seed | |
Andreessen Horowitz | | Andreessen Horowitz is a Menlo Park-headquartered venture capital firm founded in 2009 that targets seed through late-stage investments in software infrastructure, consumer internet, enterprise applications, fintech, cryptocurrency, and biohealthcare. The firm has backed Airbnb, Coinbase, GitHub, Lyft, and Stripe, maintaining offices in San Francisco and Santa Clara. | MTSSage HavenShizuku AI+2 | 7 | Seed |
Founders and investors we've worked with
We've supported winning builders across mobile apps and beyond.
Orka
We advised Elysian Fields on its investment into Orka, a Reykjavik-based portfolio of online consumer lending platforms, supporting deal structuring and growth-capital deployment in the Icelandic fintech market.
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GoTrendier
We advised GoTrendier, the leading second-hand fashion marketplace in LatAm (Mexico and Colombia), on its $14m Series B fundraise led by IDB.
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Ziik
We acted as fundraising advisor to Ziik, a Copenhagen-based all-in-one social intranet and internal communication SaaS platform, on its growth funding round.
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Sentryc
We led the capital raising process for Sentryc, a Berlin-based AI-driven brand protection and IP software provider, on its growth round led by Seventure Partners.
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Krita
We advised Swiss investor Elysian Fields on its growth investment into Krita, the leading factoring platform in the Icelandic market.
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