Chalk Digital, a San Diego, CA-based provider of an instant mobile ad platform for local businesses, closed its seed financing of undisclosed amount.
Backers included Composite Capital Partners (Washington, D.C.), Kernal Capital Inc. (San Francisco, CA), KLab Ventures (Tokyo, Japan), Tallwave Capital (Phoenix, AZ) as well as angels Peter L. Corsell, founder and Chairman of Gridpoint; Ron Garret, co-founder and CEO of Spark Innovations; and Dale Okuno, co-founder and former CEO of EZ Data.
The company intends to use the funds to accelerate commercialization of its platform.
Led by Craig Hagopian, CEO and Founder, Chalk provides an instant mobile ad platform that advances self-serve geo-targeted mobile advertising to local business owners and independent service professionals.
The company also has offices in Redwood City, CA, Delhi, India and Tokyo, Japan.