Chobolabs, a Palo Alto, CA-based mobile gaming startup, secured $1.3m in funding.
The round was led by Eric Schmidt’s Innovation Endeavors with participation from Maurice Werdegar, XG Ventures, Jim Ellis, Joel Peterson, Bill Meehan, John Kobs, Mac Harman and other angels.
The company intends to use the funds to expand operations.
Led by Deyan Vitanov, Co-Founder and CEO, and Ilian Georgiev, Chobolabs has developed a proprietary real-time networking engine and focuses on reimagining competitive shooters on mobile.
The first product is in beta. No other information are currently available.
FinSMEs
16/09/2014