Xamarin Receives $12M in Funding for Mobile App Development Tools

By Gerard Longo, Assistant Editor — July 24, 2012

Xamarin has recently received a total of $12 million in funding from three different investment firms, which the mobile application development software company has announced will be used to add to its stable of native, cross-platform mobile development tools and build a sales and marketing team.

Xamarin CEO Nat Friedman proclaimed that the funding from investment firms Charles River Ventures, Ignition Partners and Floodgate will aid the company's mission in making mobile app development easy and accessible to all of Xamarin's clients.

"Our mission is to make it fast, easy and fun to build great mobile apps," Friedman said. "We’ve had a tremendous first year, validated by more than 12,000 new developers per month, and millions of dollars in revenue. This funding will enable us to scale our success and better deliver on our mission, bringing millions more developers to mobile."

The increase in developers has bootstrapped the company to over 150,000 developers and 7,500 paying customers who regularly use Xamarin to build mobile applications. Not only has this helped generate revenue for Xamarin, but, as Friedman told Mobile Enterprise, it demonstrates that companies are catching on to the importance of developing mobile applications in-house.

"In the past, a lot of companies outsourced the creation of mobile apps. It wasn't essential to their business strategy," Friedman said. "Now, they realize it is."

A Fully-Native App Creation Experience

Xamarin's application development tool allows its developers to build apps with C#, a language used by over 8 million developers worldwide and which features approximately 90 percent of shared code between iOS, Android and Windows applications. This allows developers to save time when developing their mobile apps by having the ability to go through the coding process of their applications just once, as opposed to doing so separately for each operating system.

Friedman believes this to be important for app developers, who are dealing with an increasingly heterogeneous market in terms of the mobile operating systems available to consumers.

"I think it's a really good reflection of what the mobile app world looks like, in terms of its customer base," Friedman said.

Rising With the Trend

Friedman's belief - as well as the general trend that seems to be taking place in the world of technology - is that everything is going mobile, which was a big factor in forming Xamarin in 2011 with friend and fellow software entrepreneur Miguel de Icaza.

"We're entering a world where, if you're not a mobile developer, then you're not a developer," Friedman said.

This allows companies like Xamarin, who now has the funding to further expand their reach into the mobile world, to lead the way in a budding industry that seems to be growing more each day.

"My theory is that, out of this transition to mobile, a couple of really large companies will be created," Friedman said. "That's what I think we have the opportunity to be."

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