The company already hit profitability before announcing Series A funding from Sequoia Capital.
By Angie Chang (Co-Founder & Editor-in-Chief, Women 2.0)
An alternative to traditional mobile game ad networks, Chartboost has raised $19 million in Series A funding from Sequoia Capital with participation from previous investors TransLink Capital and SK Telecom. The company was already profitable before Series A venture funding was announced.
Chartboost founder and CEO Maria Alegre is a veteran of the gaming industry, most recently at Tapulous (acquired by Disney) as a Business and Revenue Associate. Chartboost powers distribution and monetization for iOS and Android mobile games through direct deals and cross-promotion.
“We see Chartboost as a business engine [for mobile game developers]… We are here to build an enduring company. What we’ve built is only the beginning,” she said.
Congrats to the Chartboost team on the Series A funding to expand the team and go international.
Women 2.0 readers: What do you think of Chartboost? Let us know the comments!
Angie Chang is Editor-in-Chief and Co-Founder of Women 2.0, a media company offering content, community and conferences for aspiring and current women innovators in technology. Our mission is to increase the number of female founders of technology startups with inspiration, information and education through our platform. Previously, Angie held roles in product management and web UI design. Angie holds a B.A. in English and Social Welfare from UC Berkeley. Follow her on Twitter at @thisgirlangie.