Eurazeo leads $227m funding round for Adjust

Eurazeo contributed €60m to the round via Eurazeo Growth. The funding round also included participation from Sofina, Morgan Stanley Alternative Investment Partners and existing backer Highland Capital Partners Europe.

Following the deal, Adjust will invest in product development, as well as pursuing expansion across new and existing regions.

Previous funding
Munich-based venture capital firm Target Partners provided Adjust with a seven-figure sum in 2012. The following year, Target was joined by Capnamic Ventures and Iris Capital in a $4.3m series-B for the business.

Active Venture Partners then led a $7.6m series-C for Adjust in 2014, alongside existing backers. The following year, Highland Europe invested $17m in the business, bringing the total amount raised by Adjust to $30m.

Company
Founded in 2012, Berlin-headquartered Adjust develops open-source software that provides data analysis and fraud prevention services related to mobile apps. Its clients include Facebook, Google, Snap, Twitter, Line, Spotify, SoundCloud, Zynga, Yelp, Rakuten and Hotel Tonight.

People
Eurazeo Growth – Yann du Rusquec, Guillaume Santamaria (directors).

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• Topics
• Expansion
• DACH
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• Germany
• Eurazeo
• Morgan Stanley
• Highland Capital Partners
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