Opportunity in the Baas sector
From 2010 onwards, when the mobility sector started to grow very rapidly, venture capital saw an opportunity in Baas companies. Kii backed by with $7.3M in October 2010, Kinvey financed by Atlas venture with $5M in 2012, and Firebase byand others with $5.6M in June 2013. In total, companies working in this activity have raised $ 152M in 36 transactions since 2010.
"These systems allow mobile application developers to connect and synchronise various cloud services in real time in a single cloud backend, allowing them to focus their resources on development rather than on infrastructure," says Diego Gutierrez from Abra Invest.
M&A in the Baas sector
There have only been 5 sales transactions since 2012. Perhaps the most important acquisition has been the acquisition of the cloud app platform Parse by Facebook $90M in April 2013.The company was backed by venture capital Ignition Partners.
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