Jan 9, 2013

Chartboost Raises $19 Million Series B Round, Led by Sequoia January 8, 2013 By Connie Loizos The San Francisco-based startup Chartboost has raised a $19 million Series B round of funding led by Sequoia Capital, which was joined by existing investors TransLink Capital and SK Telecom Ventures. Chartboost allows game developers to reach new users through cross-promotion, make money from their games, and collaborate directly with fellow developers. The company had previously raised $2 million in funding, a round that closed in October 2011. PRESS RELEASE: Chartboost today announced a partnership with Sequoia Capital to accelerate its growth and further develop the business engine for mobile game developers so they can focus on building kickass games. The $19M round was led by Sequoia and included participation from existing investors TransLink Capital and SK Telecom Ventures. Chartboost allows game developers to reach new users through cross-promotion, make money from their games, and collaborate directly with fellow developers through the Direct Deals Marketplace. “In a historically opaque industry, Chartboost is laser-focused on empowering developers with transparency and control over their businesses,” said Chartboost co-founder and CEO Maria Alegre. “We have big dreams for the future and we are thrilled to be partnering with Sequoia going forward.” The company also announced that their technology now reaches more than 300 million monthly active devices powering six billion game sessions per month, establishing Chartboost as the world’s largest mobile gaming technology platform. To further enhance its products, the company is aggressively expanding its team in the coming year. Interested applicants can apply here. “Maria and Sean built Chartboost to solve problems they encountered in the mobile gaming space and embody the authenticity we look for in founders,” commented board member Jim Goetz. “Their unique approach to app discovery and pro-developer mindset frees up studios large and small to do what they do best: make great games. We are excited to be part of the Chartboost team.” For more information about this announcement, please read Chartboost’s official blog post at blog.chartboost.com. About SoftKinetic SoftKinetic’s vision is to give everyone the freedom to control, explore and enjoy the entire digital world through the most natural and intuitive user interfaces and machine interactions. SoftKinetic is the leading provider of gesture-based platforms for the consumer electronics and professional markets. The company offers a complete family of 3D imaging and gesture recognition solutions, including patented 3D CMOS time-of-flight sensors and cameras (DepthSense™ family of products, formerly known as Optrima product family), multi-platform and multi-camera 3D gesture recognition middleware and tools (iisu™ family of products) as well as games and applications from SoftKinetic Studios. With over 8 years of R&D on both hardware and software, SoftKinetic solutions have already been successfully used in the field of interactive digital entertainment, consumer electronics, health care and other professional markets (such as digital signage and medical systems). SoftKinetic, iisu, DepthSense and The Interface Is You are trade names or registered trademarks of SoftKinetic. For more information on SoftKinetic please visit www.softkinetic.com. For videos of SoftKinetic-related products visit SoftKinetic’s YouTube channel: www.youtube.com/SoftKinetic. © 2015 Buyouts Insider / Argosy Group LLC