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TheStreet Open House

Chartboost Partners With Sequoia In $19 Million Series B

SAN FRANCISCO, Jan. 8, 2013 /PRNewswire/ -- 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 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 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 Chartboost Chartboost is the leading games-only technology platform that helps developers reach more users and make more money. The company powers over 12,000 games, reaches over 300 million unique monthly devices and drives over six billion game sessions per month. Chartboost works with companies like Backflip, Booyah, Capcom, Com2us, Crowdstar, Gameloft, Gamevil, Get Set Games, GREE, Kabam, Kiloo, Natural Motion, Outfit7, Pocket Gems, Supercell, TinyCo and many more. Chartboost is based in San Francisco, was founded in 2011 and has raised a total of $21M from Sequoia Capital, TransLink Capital and SK Telecom Ventures. More information at www.chartboost.com.

About Sequoia Capital Sequoia Capital provides venture capital funding to founders of startups who want to turn business ideas into enduring companies. As the "Entrepreneurs Behind the Entrepreneurs," Sequoia Capital's Partners have worked with innovators such as Steve Jobs of Apple Computer, Larry Ellison of Oracle, Bob Swanson of Linear Technology, Sandy Lerner and Len Bozack of Cisco Systems, Dan Warmenhoven of NetApp, Jerry Yang and David Filo of Yahoo!, Jen-Hsun Huang of NVIDIA, Michael Marks of Flextronics, Larry Page and Sergey Brin of Google, Chad Hurley and Steve Chen of YouTube, Dominic Orr and Keerti Melkote of Aruba Networks, Tony Hsieh of Zappos, Omar Hamoui of Admob, Steve Streit of Green Dot and Reid Hoffman and Jeff Weiner of LinkedIn. To learn more about Sequoia Capital visit www.sequoiacap.com.

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