# Appfactory

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

- Industry: Software
- Headquarters: Beijing, China
- Website: www.appfactory.cn
- Latest round: Series A (Jul 1, 2011)
- Investors on record: 1

## About

Appfactory is a technology company focused on developing software solutions that address specific operational challenges across various industries, including healthcare and finance, enhancing efficiency and productivity for its clients.Founded in 2010 and headquartered in Beijing, China, Appfactory specializes in software solutions tailored for industries such as healthcare and finance. The firm saw a significant funding event in July 2011 when Meridian Capital completed a round of Series A financing for the company. The founder, Marco Piccardo, has a history of entrepreneurial ventures, although further details on previous companies are unavailable.Appfactory provides a suite of software solutions designed to streamline operations and enhance productivity in healthcare, finance, and logistics. By integrating advanced analytics and automation, these products cater to small and medium-sized enterprises and larger corporations, sold across North America, Europe, and select Asia-Pacific regions.In the most recent fiscal year, 2016, Appfactory generated revenue of USD 13.45 mn with an EBITDA of USD 4.42 mn. The company's revenue model predominantly relies on subscription-based services and direct sales, offering tiered plans to accommodate various client needs and budgets.Looking ahead, Appfactory is committed to expanding its product offerings and entering new markets. The company aims to develop innovative software solutions targeting the logistics and healthcare sectors, with potential product launches expected in 2023. Additionally, plans are underway to expand into European and Southeast Asian markets by the end of 2024. The funding from the Series A financing in July 2011 will be utilized to support these strategic initiatives, enhancing product development and market penetration.

## Funding rounds

- Series A, Jul 1, 2011 — Meridian Capital

## Investors

- Meridian Capital — Series A