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Quixey Raises $50 Million from Alibaba and GGV

quixey logoPretty excited today for my friends at Quixey, who announced their Series C round of investment led by Alibaba Group with participation from GGV Capital and existing investors.

I first met Tomer and the team at Quixey in 2011, and have been amazed at what they’ve accomplished since then. We’ve had a longstanding relationship with Alibaba since investing in the company in 2002 and jumped at the chance to work together with Quixey.

Why are we so excited about Quixey?  For starters: 102 BILLION.

That’s the number of apps Gartner projects consumers will download on their mobile phones this year worldwide, generating more than $26 billion in revenue. For a market that by all respects didn’t even exist 6 years ago.

The team at Quixey has a very, very big vision in which consumers are able to leverage the apps, data and capabilities of their smart mobile devices to the max. It’s also a vision that is decidedly “open” (i.e. not controlled by Google, Apple, or…) and focused on enabling consumers and app providers to deliver the best possible experiences to consumers.

Perhaps both GGV and Alibaba are colored by our experiences in China, but we see the market accelerating at warp speed to a mobile environment. Industry segments we don’t even recognize yet will be created overnight by companies we are just starting to hear about today. Uber and Instagram are perhaps the best examples to date, but there will be others.

Alibaba is one of the strongest technology and consumer companies on the planet, with an e-commerce business that is larger than Amazon and eBay combined. The company has an enormous strategic focus on mobile (see the announcement earlier this year that Jack Ma joined the board of UCWeb, a GGV portfolio company with more than 400 million users worldwide).

It’s going to be awesome to watch the Quixey team execute on its vision, now with plenty of capital and the support of Alibaba Group.

By the way – Quixey has amazing offices on Castro St. in Mt. View and is hiring!

amazingteam1

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