NEWS9 January 2012

Chartbeat debt offering raises $975,000

Financials North America

US— Realtime web analytics firm Chartbeat has raised $975,000 in a debt offering, according to a filing with the Securities and Exchange Commission (SEC).

The funds top up the $3m the company secured in August 2010 to support the development of its analytics platform, which counts publishers The Onion, and Billboard, and companies such as EA, Starbucks and Groupon among its customers.

Chartbeat is part of Betaworks, an incubator for new media companies. Betaworks CEO John Borthwick, Chartbeat’s boss and finance director Tony Haile and Antonia Abraham, and Saul Klein of investors Index Ventures are all named as “related persons” in the SEC filing for the debt offering.