Chalkboard, a company that enables local businesses to
send real-time updates and offers to nearby consumers via mobile and web,
announced its expansion into the U.S. market with offices in San Francisco,
which will be led by CEO Saumil Nanvati.
Founded just over a year ago, more than 4,300 businesses
have already adopted Chalkboard to
share real-time updates and offers with people that are near their business
locations. Chalkboard currently reaches over 4.8 million active monthly users
through third-party applications and websites.
Chalkboard is currently in the midst of raising a Series
A round of funding. Existing investors include Joi Ito’s Neoteny Labs, whose
investment advisors include Reid Hoffman, co-founder of LinkedIn. Joi Ito is
director of MIT Media Labs and a board member for Chalkboard. Ito previously invested
in companies like Flickr and Twitter.
Chalkboard uses mobile and web to give local businesses
the power to do what’s always been good for their business communicate with
“We are ready to scale rapidly in the U.S. market.
Our product has already seen incredible traction and usage because it’s instant
and easy to use. We see businesses updating messages up to 11 times a month. We
offer a simple marketing solution for daily use and this resonates well with
small businesses,” said Saumil Nanavati, CEO and co-founder, Chalkboard.
By Telecomlead.com Team