Tapstream announced this morning that it has raised a $700,000 seed round.
The round was led by BDC and included a number of strategic angel investors, the Victoria-born startup says.
Tapstream says the funding will allow it to offer their users more features for free. The company provides marketing attribution for mobile apps that works "as simply and accurately as cookies do for the web," but also goes beyond just attribution, with built-in analytics to highlight app engagement, brand lift, and monetization broken down per marketing channel.
"Our platform has seen a tremendous growth this year, an average of 40% month-over-month. This seed round marks the next big step for Tapstream's mobile app marketing toolset. It allows us to expand our free mobile marketing attribution to all app developers, regardless of the size of their user-base," says Tapstream CEO Slaven Radic.
Founded in 2012, Tapstream is based out of Victoria, with offices in Vancouver and San Francisco.