(CORRECTION: Removed reference of Monetate in the first paragraph.)

Apps developer Xamarin announced that it had raised US $16 million in series B financing. The transaction was paced by Lead Edge Capital as the lead investor. Also joining in are Alibaba Group, Mindbody, Marketo and Bazaarvoice.

Xamarin provides a platform for developers to build native apps for Android, Windows and Apple devices.  

In the company financials released today, the company said that it achieved 45% growth in Q2 this year compared to the first three months of 2013. Xamarin already counts 350,000 developers as members of its growing community, representing almost 20,000 paid accounts.

During the last couple of years, the company has established itself as primary solution for app development. Through the platform, developers can access app source codes across different devices. Xamarin also publishes all the platform's native application programming interface which can be accessed by developers.

Nat Friedman, CEO of Xamarin, in a statement said the new funding from the series B round will help in the "exponential future growth for the company."