Quixey Valuation, Funding & Investors

Quixey is valued at $600M as of March 2015.

Last Quixey valuation

$600M

Series C · Mar 2015

Last Quixey funding round

$60M

Series C · Mar 2015

Cumulative funding Quixey raised

$110M

across 2 funding rounds

Key investors in Quixey

Quixey Overview

About Quixey

Quixey was a mobile discovery platform delivering Deep View Cards for app content in search and social ads. Mountain View-headquartered from 2012 to 2018, it powered instant actions like ride bookings and hotel reservations for partners including Uber and Expedia. The technology integrated with Google and Facebook to boost app engagement rates before the company's closure.


Founded

2009

HQ

United StatesSan Francisco, CA

Website

quixey.com

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Valuation

$600M (Mar 2015)

Quixey Valuation

Quixey is currently valued at $600M, based on its Series C in March 2015.

The $60M round was led by Alibaba Group, with participation from SoftBank Group, Goldman Sachs and Notable Capital.

Quixey's valuation has grown 4.6x from $130M at its Series C in October 2013 to $600M in March 2015, across 2 priced rounds.

Quixey valuation by funding round

Quixey valuation by funding round
DateStageValuation
Mar 2015Series C$600M
Oct 2013Series C$130M

Quixey Funding History

Quixey has raised a total of $110M across 2 funding rounds.

Quixey's first fundraising round was a $50M Series C in October 2013. The most recent completed round was a $60M Series C in March 2015.

Quixey funding rounds

Quixey funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Mar 2015Series CAlibaba Group (lead); SoftBank Group; Goldman Sachs; Notable Capital$60M$600MQuixey was a mobile app search company focused on solving app discovery challenges, powering app search for partners including Ask.com, Sprint, Skyfire, DuckDuckGo, Microsoft, StarHub, Alibaba.com, Nokia, and Alibaba's YunOS. It handled 100 million queries monthly, launched a sponsored ads feature akin to Google AdWords for revenue, and offered AppURL for deep-linking. In March 2015, Quixey raised $60 million in a Series C1 round led by Alibaba Group, with participation from SoftBank, Goldman Sachs, and GGV Capital, bringing total funding to $133.8 million. TechCrunch and BizJournals reported a $600 million valuation based on Re/code, while Axios detailed a $540 million pre-money valuation, with Alibaba's total investment reaching around $80 million. Alibaba had previously led the October 2013 Series C. Post-round, Quixey faced challenges including a troubled $100 million commercial contract with Alibaba, leading to a 2016 settlement of $10 million cash and $30 million loan from Alibaba with strict terms. By late 2016, leadership changed, fundraising stalled due to Alibaba's veto, and the company shut down in 2017 after failing to meet expectations, with efforts to sell IP.
Oct 2013Series CAlibaba Group (lead); Innovation Endeavors; Atlantic Bridge; Translink Capital; U.S. Venture Partners; WI Harper Group; Notable Capital$50M$130MQuixey, a mobile app search engine, raised a $50 million Series C funding round on October 8, 2013, led by Alibaba Group, with participation from new investor GGV Capital and existing backers including Atlantic Bridge, Innovation Endeavors, TransLink Capital, US Venture Partners, and WI Harper Group. This brought total funding to $74.2 million. The round occurred at a pre-money valuation of approximately $130 million. CEO Tomer Kagan highlighted Quixey's position at the center of mobile internet growth, projecting 95% global mobile access the following year and 1.5 billion smart devices by 2016, with plans to expand globally using the investment. Alibaba's involvement was strategic, aligning with its innovation focus and global commerce platform ambitions, as noted by Executive Vice Chairman Joe Tsai. GGV Capital's Jeff Richards praised Quixey's vision for search in Android and iOS ecosystems amid rising smartphone adoption. The funding supported Quixey's evolution from app novelty to a key consumer decision factor. Later developments included a separate $100 million commercial contract with Alibaba and subsequent funding like a $60 million Series C-1 in 2015 at $540 million pre-money, but Quixey ultimately shut down after raising over $130 million total, amid disputes including a 2016 settlement with Alibaba.

Who has invested in Quixey?

9 investors have backed Quixey across its funding rounds, including Notable Capital, Alibaba Group, SoftBank Group, Goldman Sachs, Innovation Endeavors and U.S. Venture Partners.

Lead investors include Alibaba Group.


Quixey Investors

Investors in Quixey by funding rounds participated
InvestorHQRoundsRoleFirst check
Alibaba GroupChinaHangzhou2LeadOct 2013
Notable CapitalUnited StatesSan Francisco, CA2ParticipantOct 2013
SoftBank GroupJapanTokyo1ParticipantMar 2015
Innovation EndeavorsUnited StatesSan Francisco, CA1ParticipantOct 2013
Goldman SachsUnited StatesNew York City, NY1ParticipantMar 2015
Atlantic BridgeIrelandDublin1ParticipantOct 2013
Translink CapitalUnited StatesSan Francisco, CA1ParticipantOct 2013

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Acquisitions by Quixey

Quixey has acquired 1 company to date.

Last acquisition by Quixey was on April 18th 2014. Quixey acquired Kite.io for undisclosed valuation.


Latest Acquisitions by Quixey

Kite.io
Description
Kite.io is a San Francisco-based search engine for mobile applications and web content, founded in 2013 by Phillip Nelson and Jason Hreha. Acquired by Quixey in April 2014, the platform matches user needs with relevant apps through contextual queries. Kite.io indexes millions of apps to deliver personalized discovery across categories like productivity and entertainment.
HQ CountryUnited States
HQ City
San Francisco, CA
Deal Date18 Apr 2014
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Investments by Quixey

Quixey has invested in 1 company to date.

Latest investment by Quixey was on May 5th 2015. Quixey invested in CodersClan in their $800K Seed round.


Latest Investments by Quixey

CodersClan
Description
CodersClan is a marketplace connecting clients with developers for code tasks and software projects. The platform streamlines outsourcing through community-vetted freelancers, handling payments via escrow. It supports fixed-price gigs in web development, mobile apps, and backend services, with tools for project tracking and dispute resolution.
HQ CountryUnited States
HQ City
San Francisco, CA
Deal Date5 May 2015
RoundSeed
Raised$800K
InvestorsThe Junction; Tuesday Capital; ClarityRay; Entrée Capital; Kima Ventures; UpWest
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Quixey Competitors

Quixey competitors include listed companies like Yext, MediaAlpha, Sprout Social and Septeni Holdings, and private ones like NextRoll and AppLike.

Public and private companies comparable to Quixey
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
NextRollIrelandDublinPrivate--$588M-
YextUnited StatesUnited StatesPublicly listed$447M$80M$623M1.7x
AppLikeGermanyHamburgPrivate$115M-$575M5.0x
MediaAlphaUnited StatesUnited StatesPublicly listed$1.1B($97M)$648M0.6x
Sprout SocialUnited StatesUnited StatesPublicly listed$458M($31M)$656M1.2x
Septeni HoldingsJapanJapanPublicly listed$195M$36M$675M2.8x

Quixey Public Comps

Quixey is still privately-owned, but its public comps include Yext, MediaAlpha, Sprout Social, Septeni Holdings, Nexxen, PubMatic, Criteo, MNTN, Perion Network and AnyMind Group.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Yext$447M$80M1.7x1.7x9.4x6.1x
MediaAlpha$1.1B($97M)0.7x0.6x(7.9x)6.0x
Sprout Social$458M($31M)1.3x1.2x(18.6x)8.1x
Septeni Holdings$195M$36M3.0x2.8x16.1x15.6x
Nexxen$365M$96M1.1x1.1x4.4x3.3x
PubMatic$283M$22M2.4x2.3x30.9x10.1x
Criteo$1.9B$323M0.4x0.7x2.2x2.1x
MNTN$290M($10M)2.1x1.8x(63.5x)6.7x

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Common questions about Quixey

When was Quixey founded?Quixey was founded in 2009.
Where is Quixey headquartered?Quixey is headquartered in San Francisco, CA, United States.
Is Quixey publicly listed?No, Quixey is a private, VC-backed company.
What is Quixey's valuation?Quixey was last valued at $600M in its Series C in March 2015.
How much funding has Quixey raised?Quixey has raised $110M across 2 funding rounds.
What was Quixey's last funding round?Quixey's last funding round was a $60M Series C in March 2015, led by Alibaba Group.
Who are Quixey's investors?Quixey's investors include Alibaba Group, Notable Capital, SoftBank Group, Innovation Endeavors, Goldman Sachs, Atlantic Bridge, Translink Capital, U.S. Venture Partners and WI Harper Group.
Which companies are comparable to Quixey?Companies comparable to Quixey include NextRoll, Yext, AppLike, MediaAlpha, Sprout Social and Septeni Holdings.
How many companies has Quixey acquired?Quixey has acquired 1 company, including Kite.io.
How many companies has Quixey invested in?Quixey has invested in 1 company, including CodersClan.
What was Quixey's last investment?In May 2015, Quixey invested in CodersClan's $800K seed round alongside The Junction, Tuesday Capital, ClarityRay and 3 other investors.

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