BlackBerry Partners Fund Helps Donate $15 Million to PocketGear

on Monday, August 23, 2010





The BlackBerry Partners Fund along with Trident Capital have donated $15 million to PocketGear inc., the world's largest open app store and content marketplace. PocketGear will use the funding to scale technical operations, build out its sales and marketing team and expand its global reach to capitalize on the growing mobile application market, which is forecasted to exceed $20 Billion by 2013 according to multiple industry analysts.




PocketGear is the world's largest cross platform, open app store and content marketplace with over 32,000 developer relationships and a catalog of more than 140,000 paid and free titles. PocketGear powers the mobile application and content storefronts for over 40 distribution partners around the globe.




"BlackBerry Partners Fund believes in a robust, open and accessible mobile application ecosystem, and PocketGear's platform, developer relationships, huge catalog and quick time to market for new storefronts position them for rapid growth and market reach," added Kevin Talbot, Co-Managing Partner of the BlackBerry Partners Fund.




It will be interesting to see if this donation will help in the future with BlackBerry App World.




This entry was posted on Monday, August 23, 2010 at 10:06 AM and is filed under , , . You can follow any responses to this entry through the RSS 2.0. You can leave a response.