![]() ![]() That is an unprecedented amount for a U.S. Moreover, Uber set the record by raising $3,5 billion in a single round in 2016. Then, the initial 1.45 million dollars were followed by another 11 investment rounds, which together amounted to $8,71 billion. It collected $200,000 of seed money and $1,25 million during Angel round of funding. In 2012, Instagram’s founder Kevin Systrom sold it to Facebook for 1 billion dollars which made all its investors squeal and dance out of happiness (Well, I assume that’s what they did). Overall, the company chewed $57,5 millions of funding and turned out to be worth a lot more. By that point, Instagram was valued at 500 million dollars. Then, thanks to obtained popularity and clear potential, it raised another $7 million in investments in 2011 and a third round’s $50 million in 2012. It’s financing history can be summed up like this: after receiving the initial venture funding of $500,000 in 2010, the App reached 1,75 million users in a year. Let’s start with something familiar to everybody – Instagram. How much do leading companies spend on developing mobile apps? So, brew yourself a cup of tea and get ready for some education. How much should new companies raise to have a chance at scoring big, according to industry experts.īy the end of the post, we hope to make the realm of app development clearer for you and, thus, help you figure out the cost of developing a mobile app that meets your demands.What general rules of app creation pricing are there.How much did famous companies spend on launching, improving and managing their celebrated apps.In the following article, we’ll focus on the data we know precisely and draw conclusions from it. So, instead of throwing hypothetical numbers in your face, we’ll try a different approach to answering this question. The same is true for mobile app development cost – it varies in each different case, depending on the level of functionality, design, etc. The quantity and quality of equipment, the feature length, the props, the decorations, the number of people working on set, the director’s and actor’s talent and fame degree… That’s to name a few. Think of all the variables such estimation would include. Imagine trying to calculate the exact price of making a movie. Not because everyone’s too ignorant to respond, but for the question’s wording which is just overly vague. ![]() How much does it cost to create an app ? On the web, this question is posted thousands of times a day, like a mantra and yet there is rarely an intelligible answer underneath it. ![]()
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