Diligence memo · auto-generated · as of July 2, 2026
AppLovin Corp
AppLovin Corp has raised $586M over 2 rounds; too few niche peers to rank its valuation yet.
Businessfiled
AppLovin Corp operates in Gaming, based in PALO ALTO. Reach over a billion daily users in mobile games. AppLovin helps consumer brands and gaming apps scale their business profitably.
Sub-sector tags: gaming, sports-fitness.
Capital & rounds (filed)filed
AppLovin Corp has raised $586M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Series D+ (a $100M–$400M round).
Largest single filing: $400M on 2018-08-15.
Most recent recorded round closed around 2022-02-23.
Valuation (modeled)modeled
Provath models AppLovin Corp at approximately $2.7B (range $926M–$5.0B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Too few comparable companies in this niche to rank the valuation fairly yet.
Financing rhythm & timingmixed
Historic cadence: a new round about every 21 months.
Last raise 4.4 yr ago; this sector typically re-raises about every 12 months.
Silent for over 3× the sector's normal cadence.
The last round stepped up 1.0× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 100% of Gaming peers (344 compared).
Modeled value ranks above 99% of those peers.
Peoplefiled
12 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.