Old City-based mobile application and infrastructure provide appRenaisance announced this morning that it has raised a $1.5 million seed round.
FirstMark Capital led the round, with additional investment from appRenaissance CEO Bob Moul, as well as other Philadelphia investors, according to a press release.
The company, which was founded in 2010 by Scott Wasserman, made headlines after hiring Bob Moul as CEO. Moul brought big plans for scaling the company with him as well as experience from founding and exiting Berwyn-based Boomi to Dell, as Technically Philly reported. FirstMark Capital also invested in Boomi.
In its first full year of operation, the company reports that it is on track to pull in $1 million in revenue, according to a release.
appRenaissance says the money from this round will go toward development of the company’s patent-pending “middleware platform” Unifeed as well as additional hires, according to a press release.-30-