Market Overview

Chartbeat Announces New Funding to Fuel Growth


Chartbeat, the content intelligence platform for the world's leading
publishers, today announced that the company has closed a $7 million
funding round, led by North Atlantic Capital. The capital will enable
Chartbeat to accelerate its leadership position in real-time analytics
across desktop, social, and mobile platforms.

2018 has seen unprecedented traffic
, and Chartbeat provides media organizations with instant
insights about content engagement and reader traffic — whether directly
on publisher websites or from platforms such as Facebook and Google.
Empowered with data, media organizations can better understand, measure,
and build business value from the attention earned by their content.

"Our solid revenue growth and product expansion efforts have put us on a
bright path forward," said John Saroff, Chartbeat's CEO. "We're thrilled
to have North Atlantic Capital behind us as we continue to scale."
Saroff added, "Chartbeat's analytics enable publishers to connect with
valuable readers and grow a sustainable business. We'll continue to
build out our core business while expanding into new areas within mobile
and multivariate testing."

Today's investment follows a period of rapid growth for Chartbeat, whose
customer base now includes the top global media, sports and
entertainment brands in over 65 countries. Clients include The New
York Times, The Washington Post, The Atlantic and ESPN
in the US;
the Economist, The Telegraph and The Mirror
in the UK; Le Figaro
and Le Monde
in France, Unidad in Spain; Clarin in
Argentina; and The South China Morning Post in Hong Kong, to
name a few.

"This is a very strong team – impressively talented and dedicated to
solving a real need for publishers," said Mark Morrissette, Managing
Director at North Atlantic Capital. "With such passionate customers, we
see a lot of opportunity for Chartbeat to expand both within its base
and into adjacent markets. This is a great fit for us."

This late stage funding brings the total amount of money Chartbeat has
raised since 2009 to $38 million. North Atlantic will immediately join
Chartbeat's Board of Directors as a board observer, along with investors
and board members DFJ, Index Ventures and Betaworks, and board observer
Harmony Partners.

About Chartbeat

Chartbeat, the content intelligence platform for publishers, empowers
media companies to build loyal audiences with real-time and historical
editorial analytics across desktop, social, and mobile platforms.
Chartbeat helps digital publishing organizations understand what, within
their content, is keeping people engaged. Partnering with thousands of
customers across 65 countries, Chartbeat's real-time
and historical dashboards
, in-depth headline testing and in-page optimization
, robust
, and APIs help the world's leading media organizations
understand, measure, and build business value from the attention earned
by their content.

About North Atlantic Capital

North Atlantic Capital provides growth capital to innovative technology
companies across the United States. Founded in 1986 and based in
Portland, Maine, the firm is currently investing its fifth fund, which
is capitalized at more than $120 million. North Atlantic targets
high-growth, later-stage technology businesses with annual revenues of
more than $10 million. North Atlantic has a 30-year history of
supporting rapidly growing technology companies with both equity and
long-term subordinated investments.

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