How to Find Investors for Mobile App. Seeking investment for your mobile app idea as a startup? Types of Investors For Mobile Applications. What are Investment Rounds
According to Grand View Research, the global mobile app market is anticipated to grow at a CAGR of 13.8% from 2022 to 2030 and reach a whopping $567.19 billion. Therefore, developing a mobile app in the digitized world can be highly profitable.
If you have an idea for mobile app development for your startup, you will also need capital and investment to bring the vision to life. That’s because developing a mobile app can cost up to $500,000, depending on its complexity, features, and tech stack.
We will cover everything you should know about investors and investments to find mobile app investors for your startup.
Types of Investors For Mobile Applications
There are many types of investors that you might come across, such as:
Personal Network
Co-Founders
Angel Investors
Venture Capitalists
Crowdfunding
App Contest
Incubators & Accelerators
The term investor refers to an organization or individual that offers funding for mobile app design and development. They seek promising ideas from startups and established companies that need financial support for creating and scaling their app.
Personal Network
At the initial stages, personal connections of an entrepreneur, mostly family and friends are likely to become investors. You can use the funds they provide you with for doing market research and building prototypes to attract other investors.
Co-Founders
Co-founders can be an alternative to getting loans from family and friends for the app. Consider seeking a co-founder who possesses expertise in both marketing and development or who has established connections in the specific industry you are targeting. It may be advantageous to broaden your search beyond your network to find a co-founder who can address any skill gaps and assist with your financial needs during the early stages of your venture.
Read More: Types of Mobile Apps
I Am Megha Khandelwal