Chartboost Closes $19m Funding Round

Gaming promotion platform Chartboost has secured a $19m investment to further develop its business. The funding round was led by Sequoia Capital, with existing investors, TransLink Capital and SK Telecom Ventures, also participating. Chartboost enables game developers to reach new users through cross-promotion and collaborate directly with fellow developers through the Direct Deals Marketplace.

Chartboost has also revealed that its technology now reaches more than 300m monthly active devices,  powering 6bn game sessions each month, figures which it says establish Chartboost as the world’s largest mobile gaming technology platform.

“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.”