Before seeking funding for your mobile app, make sure you understand the different investment stages . Each round requires different levels of capital and involves various types of investors.
There are five stages of getting funding:
1. Pre-seed funding
This first stage is the beginning of funding. Basically you receive funds through bootstrapping or self-funding or by seeking help from your network like friends, family, and close connections. The goal is to get the ball rolling and develop a basic prototype of your app. At this stage, the focus is on validating your mobile app ideas and preparing for the next phase.
2. Seed funding
The second stage is where the funding required is more substantial. As you need to turn your prototype into a working model this funding is important to push your project to the next level. At this step it is likely to get funding from incubators and angel investors who can provide capital and expertise to your business. The primary goal at this stage is to create a Minimum Viable Product , hire a development team, and set the foundation for your app’s future growth.
3. Series A funding
The third step is when you launch your app. These rounds become important for scaling. Venture capital firms will be valuable here as they typically invest in apps that have demonstrated potential for long-term revenue generation. This is the stage where you need to prove your app’s profitability and scalability, often focusing on user growth and monetization strategies.
4. Series B funding
Next comes the fourth step, where your app is gaining popularity and the user base is increasing, sales are rising, and your business is stabilizing. Capital from venture capitalists will help your business growth, expansion marketing efforts, and meet rising demand. This step of funding is directed at scaling the business and increasing market share while clarifying the product.
5. Series C funding and beyond
The gift step is where your app is considered a success. If you are generating enough revenue to sustain the business without needing additional funding. If you plan to expand, enter new markets, or go public like going for IPO, you may seek Series C funding or even further rounds. You have proved to your business to your user that your app has long-term value and potential for global reach.
Official URL: Step to Secure Funding from Mobile App Investor for your Business
Mobile has become an essential part of our daily lives.
They have also been an integrated part of a business nowadays for reaching out to a global audience & to assure an in trend growth of your business.
A mobile application will provide a unique ability to connect to your targeted audience quickly.
I would suggest you hire dedicated mobile app developers from a relevant app development company.
Digital transformation has been a true buzzword for people all over the world today, more so in the industrial scenario.
Ever since the word broke through, enterprises have been competing with each other to embed the right digital transformation strategy into their business operations for optimal impact.Adapting to digital transformation is one thing as everyone is doing it, but not every business management understands the true potential of digital transformation in activities like planning digital roadmaps and then going about with their implementation.In the midst of all this technological hustle, mobile applications somehow waited to gain attention.Why?Because digital transformation brought over newer technologies like Artificial Intelligence, Machine Learning, and Robotic Process Automation with it, and obviously, managers looked to understand what these new terms brought to the table.As a digital enforcer, the role of mobile apps cannot be undermined as the digital onslaught everywhere has made apps a very necessary requirement for every industry and niche.In this one, we try to shed some light on the importance of mobile apps in a digital transformation strategy and how they play a pivotal role in enhanced growth, efficiency, and maximum Returns on Investment.Digital Transformation DefinitionAs far as a digital transformation definition is concerned, well, you can find a lot of them on search engines.
We will try to make you understand digital transformation in our own way-Digital transformation involves the digitization of complete organizational processes through a rejig of the existing structure, processes, models, and even technologies to deliver a sophisticated customer experience.In the global scheme of things, digital transformation has been conveniently divided into services and software solutions.The services segment incorporatesi) Managed services, andii) Professional services,while the solutions segment includesi) Big Data,ii)Analytics,iii)Artificial Intelligence,iv)IoT,and more.Advantages of Digital Transformation- Business Processes Become More Productive and Efficient with AutomationThe right digital solutions provide employees with a lot of time to focus on other critical tasks that are difficult for machines to accomplish, like client interaction and more creativity, for instance.- Prominent Decision-Making with Data InsightsWith process automation, it becomes easier to bring better visibility throughout the organization.
Data is collected in real-time, helping to better understand and derive patterns for better opportunities in the future.- It brings better security to the foreAs a company grows, too much reliance on legacy processes and systems can prove to be a hindrance as failure is a pretty common occurrence in such cases, not to mention cyber hacks and frequent malware.
Digital transformation makes everything more secure.Mobile App Development and Digital TransformationThe evolution of smartphones and mobile apps completely changed the face of the world and how we went about our everyday lives.
With smartphones came the need to create apps, and mobile app development became a full-fledged industry worth $106.27 billion in 2018 and on course to reach $407.31 billion by 2026, as per Allied Market Research.With mobile app development services, enterprise mobility became a genuine trend, where employees could get on with their organizational responsibilities even if unavailable at their workstations.
