TriplePoint Newsroom

Official press releases from TriplePoint clients

Wholesale Shopping App Boxed Announces Funding Extension from Greycroft Partners

Boxed logo

Mobile-based Warehouse Club Provides Free,

Fast Delivery with No Membership Fees

NEW YORK – Jan. 15, 2014 – Boxed, a mobile commerce company providing free, overnight shipping for warehouse club goods, announced today that it has added additional funding to its seed round, led by Greycroft Partners.

Greycroft joins previous investors Bessemer Venture Partners, ENIAC Ventures and Social Starts; the new raise brings the total funding to $1.5M.

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Chukong Technologies Raises $50M Series D Round

Chukong Logo

International Mobile Entertainment Company Expanding Offering for New and Established Developers

BEIJING – Oct. 18, 2013 – Leading international mobile entertainment company Chukong Technologies today announced it has secured $50 million in Series D funding led by New Horizon Capital, a leading China-focused private equity fund, with participation from existing investors GGV Capital, Sequoia Capital, Steamboat Ventures and Northern Light. Continue reading

DoubleDutch Raises $10M Series C from Bessemer Venture Partners, FLOODGATE and More

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Mobile Event Technology Company Doubles Down on Data 

SAN FRANCISCO – Sept. 26, 2013 – DoubleDutch, the leading provider of data-driven mobile event applications, today announced it has raised $10 million in Series C funding led by Bessemer Venture Partners with participation from existing investors FLOODGATE Fund, Bullpen Capital and others. The company has raised a total of $18.5 million in funding to date. With 40 percent quarter-over-quarter growth and nearly 500,000 event participants using their product, DoubleDutch has established itself as the fastest growing event app company in the category. DoubleDutch plans to use the investment to accelerate its international expansion, grow its new line of data-driven products for exhibitors and organizers, and transition the business fully to a Software-as-a-Service (SaaS) model. Continue reading

AppGratis™ Raises $13.5M in Series A Funding from Iris Capital and the Orange Publicis Fund

 

AppGratis™ Secures 1 Million New Users since U.S. Launch with Tailored App Discovery Recommendations 

PARIS – Jan. 17, 2012 - AppGratis today announced a $13.5M Series A funding round led by Iris Capital, a leading pan-European venture capital investor specialized in digital economy, with participation from the Orange Publicis Fund. AppGratis makes it easier for consumers to discover quality apps in a crowded App Store, and has seen early success by working closely with mobile app developers to offer an undiscovered paid app for free every 24 hours. The company currently averages over $1M in monthly revenue and will use the funding to further establish their stronghold as the worldwide leader in app discovery. A true global brand with 7 million users in over 30 countries and employees from twelve nations, AppGratis will be investing in top talent, expanding research and development efforts, and refining their technology as they continue to expand internationally.

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Chartboost Partners with Sequoia in $19 Million Series B

Chartboost now reaches 300 million monthly active devices powering six billion game sessions per month

SAN FRANCISCO – Jan. 8, 2013 - 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.

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DoubleDutch Secures $4M to Deconstruct CRM for Mobile

Mobile Engagement Leader Also Adds Mike Maples Jr. of FLOODGATE Fund to its Board of Directors

SAN FRANCISCO – Nov. 12, 2012 - DoubleDutch, the leading provider of mobile-first CRM applications for events, sales teams, and other enterprise workgroups, today announced it has secured $4 million in Series B funding led by FLOODGATE Fund and including Bullpen Capital and Lightbank. In addition, Mike Maples Jr., managing partner at FLOODGATE Fund, will join DoubleDutch’s Board of Directors. The company intends to use this funding to expand internationally and to continue deconstructing CRM software into a suite of mobile-first enterprise products. Continue reading

Peak Games Becomes the Third-Largest Social Gaming Platform Worldwide and Sees Tenfold Revenue Increase

Peak Games Reaches 9.7 Million Daily Active Users as Ali Kutay Joins as Advisor and Investor

ISTANBUL & SAN FRANCISCO – June 12, 2012 – Peak Games, the fastest-growing gaming company in emerging markets, today announced its explosive revenue growth, becoming the third-largest social gaming platform in the world. Peak Games is witnessing a rapidly growing user base and in just a year and a half records 30 million monthly active users (MAUs) and 9.7 million daily active users (DAUs) in its social game portfolio. Peak Games has 6 million DAUs across their in-house titles and with published titles reaching 3.7 million DAUs, the platform now has more players than social gaming dynamos Wooga (8.6 million DAUs) and Electronic Arts (9.1 million DAUs). The company has seen 2012 Q1 revenue increase ten times compared to Q1 revenue last year and now new executives are joining the advisory board and management team.

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Technapex to Host Education Tech Investor Panel on May 23rd

Top Investors in Edtech Startups to Join Panel Moderated by Liz Gannes from AllThingsD

SAN FRANCISCO – May 9, 2012 – Technapex, an emerging outlet for education technology news from TriplePoint, today announced an upcoming event for May 23, 2012, featuring a panel on the growing number of investments in education technology companies. The panel, like the previous Technapex event, will be held at Roe (651 Howard Street), a premier nightclub in downtown San Francisco. Attendees will be treated to drinks and appetizers, followed by an instructive and informative panel moderated by Liz Gannes from AllThingsD. Continue reading