Crobo Receives Multi-million Financial Investment
Online, June 16, 2014 (Newswire.com) - The deal will help crobo achieve its growth ambitions and allow its managers to retain entrepreneurial freedom. With this new capital, crobo has set its sights on further expanding its platform into America and Asia and strengthening the team, as well as further development of its proprietary back-end technology.
Since inception in 2012, crobo has grown by leaps and bounds. The ever-increasing demand for users in the mobile and online games market by free-to-play providers means an increasing need for quality, paying users. The high-quality users that crobo provides are, therefore, in high demand. Companies operating across the globe, such as Kabam, Goodgame Studios and Wargaming, are among some of the many high-caliber customers of crobo - along with over 1500 active marketing campaigns.
Matthias Lesch, founder and CEO of crobo GmbH, commented on the recent influx of funds: "Since the day we started, we have had ambitious plans for crobo. We have employed our proprietary, in-house, technology and have been profitable from day one. After just a short time in business, we are posting numbers that put us up there with some of the leaders in online performance marketing - but we want to become number one. BOOST&Co's financial support and the confidence is a big push in the right direction. We want to use the fresh capital to strengthen our international position in games performance marketing. The support of BOOST&Co is a great help to doubling our revenues in 2014."
crobo employs its self-developed technology - crobo intelligence to acquire the best possible users for its customers. This technology enables media partners and games publishers' processes to be automated, making multi-channel campaign management easier than ever.
BOOST&Co invests in growth capital companies, having demonstrated a proven and sustainable business model. Andrea Kowalski, Principal at BOOST&Co, explains: "Despite its young age, crobo has an impressive track record, highlighted by 1,200 % growth in 2013 whilst achieving profitability. crobo continues to set new monthly revenue records in 2014. We were also impressed with management and crobo's team of over 60 employees, who have a unique knowledge of the mobile and online free-to-play games market."
More information for media partners and games publishers available at: www.crobo.com. More information for investors and innovative companies looking to raise growth capital at: www.boostandco.com.