Tapjoy Raises $30 Million from JPMorgan to Fuel Push on Android

Tapjoy, which helps developers on Facebook, Android and iOS earn revenue through offers and CPA ads, raised an additional $30 million from JPMorgan. The announcement comes just a few months after Apple clamped down on one major revenue stream for the company — incentivized installs — or where game developers cross-promote other apps and give their players virtual currency for downloading titles from other companies.

Tapjoy chief executive Mihir Shah said the company remains profitable despite the setback. “We’ve been profitable for a number of quarters and top-line revenue has been growing,” he said. “Our gross margins have grown quarter-over-quarter even after all of this.”

At the same time, the company has seen a tenfold increase on Android in the size of its network and the number of paid actions it pushes in the last three months. Revenue on the platform has also seen a commensurate increase. Tapjoy recently launched a $5 million fund to help developers port their apps to the platform.

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9 Responses to “Tapjoy Raises $30 Million from JPMorgan to Fuel Push on Android”

  1. Mihir Shah Is Out As Tapjoy CEO in Surprise Shake-Up. Former Disney Exec Wadsworth Steps In. | TechCrunch says:

    [...] had raised more than $70 million in venture capital from J.P. Morgan Asset Management, Rho Ventures, North Bridge Venture Partners, InterWest Partners and D.E. Shaw Ventures in multiple [...]

  2. Houston Outsource: Get Tech News Now! Mihir Shah Is Out As Tapjoy CEO in Surprise Shake-Up. Former Disney Exec Wadsworth Steps In. | Houston Outsource: Get Tech News Now! says:

    [...] had raised more than $70 million in venture capital from J.P. Morgan Asset Management, Rho Ventures, North Bridge Venture Partners, InterWest Partners and D.E. Shaw Ventures in multiple [...]

  3. Mihir Shah Is Out As Tapjoy CEO in Surprise Shake-Up. Former Disney Exec Wadsworth Steps In. | Rosemount News says:

    [...] had raised more than $ 70 million in venture capital from J.P. Morgan Asset Management, Rho Ventures, North Bridge Venture Partners, InterWest Partners and D.E. Shaw Ventures in multiple [...]

  4. Mihir Shah Is Out As Tapjoy CEO in Shock Shake-Up. Former Disney Exec Wadsworth Steps In. - MobileHey says:

    [...] experienced lifted much more than $ 70 million in enterprise capital from J.P. Morgan Asset Management, Rho Ventures, North Bridge Enterprise Partners, InterWest Partners and D.E. Shaw Ventures in a [...]

  5. Mihir Shah Is Out As Tapjoy CEO in Surprise Shake-Up. Former Disney Exec Wadsworth Steps In. | South St Paul News says:

    [...] had raised more than $ 70 million in venture capital from J.P. Morgan Asset Management, Rho Ventures, North Bridge Venture Partners, InterWest Partners and D.E. Shaw Ventures in multiple [...]

  6. Mihir Shah Is Out As Tapjoy CEO in Surprise Shake-Up. Former Disney Exec Wadsworth Steps In. - Daily Small Talk says:

    [...] had raised more than $ 70 million in venture capital from J.P. Morgan Asset Management, Rho Ventures, North Bridge Venture Partners, InterWest Partners and D.E. Shaw Ventures in multiple [...]

  7. Mihir Shah Is Out As Tapjoy CEO in Surprise Shake-Up. Former Disney Exec Wadsworth Steps In. | PJExploration says:

    [...] including GREE, but none of those conversations resulted in a deal. Tapjoy had raised more than $70 million in venture capital from J.P. Morgan Asset Management, Rho Ventures, North Bridge Venture Partners, InterWest Partners and D.E. Shaw Ventures in multiple [...]

  8. Mihir Shah Is Out As Tapjoy CEO in Surprise Shake-Up. Former Disney Exec Wadsworth Steps In. | Crowdfunding News says:

    [...] had raised more than $70 million in venture capital from J.P. Morgan Asset Management, Rho Ventures, North Bridge Venture Partners, InterWest Partners and D.E. Shaw Ventures in multiple [...]

  9. Mihir Shah Is Out As Tapjoy CEO in Surprise Shake-Up. Former Disney Exec Wadsworth Steps In. | Blog Feeds says:

    [...] had raised more than $70 million in venture capital from J.P. Morgan Asset Management, Rho Ventures, North Bridge Venture Partners, InterWest Partners and D.E. Shaw Ventures in multiple [...]

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