Analytics App Raises $34 Million

In search of the best analytics tool for your marketing app? Localytics might be the answer to your app-tastic prayers. A service app that offers “analytics, insights, and marketing solutions in one place,” Localytics has raised $34 million in Series D funding so far.  

The company initially focused on app analytics, but CEO Raj Aggarwal noted that customers also called for tools that made it easy to move forward with their newly-acquired data. This prompted the Localytics team to add push notifications, integration with sales and business intelligence software, email marketing, and in-app messaging. Aggarwal explained that businesses are in need of “all the insights and tools to engage users and meet their expectations for an amazing app experience, in one place.”  

He pointed out that apps are an essential component of the digital experience, and as such, businesses need their marketing and product teams to use the same tools. Disparate data sets are quickly becoming a thing of the past.  

Localytics offers real-time, granular data analytics that answer questions such as, “How frequently do consumers visit my app?”, “How long does the average user spend on my app per visit?”, “What are people doing in my app?” and “Why aren’t my app users converting?” among other relevant queries. The insights portion of Localytics shows which demographic your app targets, what features pique consumer interest the longest, how many purchases were made over the last 15 days, and what makes some users “more valuable” than others. 

As far as marketing services, Localytics offers push messaging that helps re-engage customers, in-app messaging that lets users know about new features, and features answers to attribution questions, such as where to invest in terms of advertising. A/B testing is also part of the app’s marketing services, and helps determine what drives the most conversions, and which call to actions are best for specific campaigns.  

Localytics is currently used by some 32,000 apps, including those for eBay, ESPN, Fox, The New York Times, and the upcoming HBO Now app. 

The company will soon introduce a new predictive marketing feature, which is designed to aid businesses in discovering which customers are most likely to abandon the app. Once such customers are identified, they’ll receive targeted messages convincing them to keep using it. This marketing feature also determines which customers are willing to spend more on the app, and subsequently tempts them with targeted deals.

Current Localytics investors include Sapphire Ventures, Foundation Capital, and Polaris Partners.