The next phase for AppLovin
Looking back at our milestones achieved in 2017, I am proud of how far AppLovin has come. Today, I’d like to share some news about two in particular that are significant in the coming year and beyond.
In January of this year, Orient Hontai Capital invested $140MM into our company for a 9.98% ownership stake. Today we are happy to announce that we’ve secured $841MM in debt financing, also from Orient Hontai Capital.
This debt financing allows us to maintain full control of our business while accessing additional capital to help finance our continued global growth. Our goal remains enabling developers of all sizes to grow their businesses. This new structure presents even more opportunities for our employees, customers, and partners. 2017 has been a record-breaking year for us and we look forward to breaking more in the future. This deal will accelerate our momentum toward exciting new ventures and exponential growth. We are excited to start a new chapter in AppLovin’s history and look forward to continuing our goal of helping developers scale their businesses.