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Chartbeat gets $3M from Index Ventures

NY-based startup hopes to become the 'Intel Inside' of the real time analytics world

Technology trends and news by Katie Gatto
August 31, 2010
Short URL: http://vator.tv/n/117e

Chartbeat announced Tuesday that it's taken a $3 million Series A investment Index Ventures.  Charbeat is a New York-based company, founded in October 2008, that provides real-time data analytics and performance alerts for the Web sites of its clients.

"We believe that understanding and reacting to real-time intelligence is the future of how businesses will operate online, said Saul Klein, a partner at Index Ventures' London office since 2007, in an email interview. "Chartbeat has been able to build a base of over 2,500 paying customers with very limited resources and are already working with some of the biggest publishing and commerce brands online to deliver on this promise,"

Customers of Chartbeat pay between $9.95 and $149.95 a month. The largest plan allows for the monitoring of upto 60 domains or sub-domains, and allows up to five users to log onto the site and see results.

Klein was previously the co-founder and original CEO at what is now Lovefilm International, as well as being part of the original executive team at Skype. He currently sits on the board of Chartbeat, and several other companies including: Abe's Market, AlertMe, Erply, Glasses Direct, Lovefilm, MOO, MyHeritage and Songkick.

"With this first funding round, Chartbeat is going to be focusing on building out its development team. We are a product-focused company and we believe the best way for us to grow is to continue to build mesmerizing, actionable and value-driven services for our users,"  said Tony Haile, general manager of Chartbeat, in an interview with me. "Partnering with Index enables us to extend our international penetration and make Chartbeat the 'Intel Inside' of sites across the world." 

Some of the sites that use Charbeat include Techcrunch, TED, Gawkermedia, Starbucks, Time, the Chicago Tribune and AOL. 

Other investors in Chartbeat include: O’Reilly AlphaTech Ventures , Jeff Clavier, Freestyle Capital, Lowercase Capital, Founders Collective, SV Angel, Lerer Ventures, Jason Calacanis, Josh Stylman & Peter Hershberg, Betaworks, Alex Zubillaga and Fritz Lanman.

On August 4th the company broke one million simultaneous views on the site.


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