In an announcement, adeven of Berlin closed US$4.3 million in Series B round led by Capnamic, Iris Capital and Target Partners. The new round would be used to continue the development of an app for business intelligence solution.

adeven is one of the world's most technically advanced mobile advertising tracking and analyst platforms. Established by Christian Henschel, Paul Muller and Manuel Kniep back in 2012, the firm provides transparency and accountabiity on all the aspects of the app marketplace. The company provides for data management and cutting edge technologies to simplify complex statistical data. This ability is what makes adeven one of the more popular applications for developers and agencies throughout the world.

According to adeven CEO and co-founder Christian Henschel, "It's been a fantastic first year for us and we're going to keep up the hard work. The mobile industry is continuing to show huge growth and so there is a greater need to make sense of this for developers, brands and agencies. We believe we're perfectly positioned to be at the forefront of this and are looking forward to taking the work we've been doing to a new level of sophistication across the globe. In Capnamic and Iris Capital we've found two experienced partners with a strong background in ad-tech and a valuable network which bodes very well for the future."