# Apkudo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/apkudo

- Industry: Software
- Headquarters: Baltimore, US
- Website: www.apkudo.com
- Total disclosed funding: $66M
- Latest round: Series C (Feb 15, 2023)
- Investors on record: 7

## About

Apkudo, Inc. is a US-based company specializing in optimizing mobile device supply chains through comprehensive testing and recovery solutions, promoting sustainable practices across the lifecycle of technology products.Founded in 2011 in Baltimore, US, Apkudo, Inc. focuses on enhancing mobile device management. The company has engaged in four funding rounds, with the latest being a Series C round on February 15, 2023, where they raised USD 37.5 mn, led by Closed Loop Partners and new investor Piper Sandler. The co-founders include Ben Leslie, Benno Leslie, Dylan Pammett, and Josh Matthews, with Dylan Pammett and Josh Matthews serving as the CEO.Apkudo provides a comprehensive suite of solutions designed to optimize the mobile device supply chain, focusing on a circular industry model that spans from pre-launch activities to end-of-lifecycle management. The core offerings include device software and hardware testing services, user-friendly trade-in experiences, and efficient processes for recovering corporate-owned IT assets. Their platform enables companies to make informed, data-driven decisions regarding mobile devices, enhancing sustainability practices while addressing the challenges of e-waste management. Apkudo's solutions cater to a diverse clientele, including Fortune 500 companies and tech giants, particularly in North America and Europe, where the demand for sustainable device management is growing rapidly. End users of these solutions range from corporate IT departments to individual consumers seeking to manage their mobile assets effectively.Apkudo's revenue model is structured around service agreements and transaction-based interactions with clients. The company engages in B2B partnerships, providing subscriptions for its platform services that facilitate device management and recovery. A typical transaction may involve a corporate client utilizing Apkudo’s testing services for their new devices while simultaneously engaging in trade-in programs for used devices. The pricing structure for these services varies based on client needs and operational scale, with specific offerings tailored to both large enterprises and smaller organizations. Apkudo’s flagship services, including comprehensive testing and recovery solutions, support clients in achieving sustainability goals while driving profitability through efficient asset management.In February 2023, Apkudo, Inc. raised USD 37.5 mn in Series C funding, which will be utilized to expand its commercial and technical operations and international presence. The company aims to launch new products focused on enhancing mobile device management, although specific launch dates have not been disclosed. Apkudo plans to target new markets in Asia and Latin America for expansion by the end of 2024, aligning with its sustainability initiatives.

## Funding rounds

- Series C, Feb 15, 2023, $38M — Grotech Ventures, Harbert Management, Piper Sandler, MissionOG, Lavrock Ventures, Closed Loop Partners, Point Field Partners
- Series B, Dec 21, 2021, $15M — Grotech Ventures, Harbert Management, MissionOG, Lavrock Ventures, Closed Loop Partners
- Series B, Nov 2, 2020, $14M — Grotech Ventures, Harbert Management, MissionOG, Lavrock Ventures

## Investors

- Grotech Ventures (https://capitalatlas.ai/funds/grotech-ventures) — Series B, Series C
- Harbert Management (https://capitalatlas.ai/funds/harbert-management) — Series B, Series C
- MissionOG (https://capitalatlas.ai/funds/missionog) — Series B, Series C
- Lavrock Ventures (https://capitalatlas.ai/funds/lavrock-ventures) — Series B, Series C
- Closed Loop Partners (https://capitalatlas.ai/funds/closed-loop-partners) — Series B, Series C
- Piper Sandler (https://capitalatlas.ai/funds/piper-sandler) — Series C
- Point Field Partners (https://capitalatlas.ai/funds/point-field-partners) — Series C