Chartboost Raises $2 Million Initial Funding

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Chartboost has raised $2 million in its initial round of funding. Investors in this round include TransLink Capital, SK Telecom Ventures and XG Ventures. Chartboost offers a direct-deal advertising marketplace that enables game publishers to drive revenue dollars by directly promoting other publishers’ apps.

Chartboost has been profitable since its founding early this year, said Maria Alegre, co-founder and CEO of Chartboost.The funding will enable Chartboost to further scale its product development, she added.