Chute raised $3 million from four financial backers on November 18th according to information disclosed by the company. The non-brokered equity offering was fully subscribed. Two previous unregistered financing rounds raised an estimated $10.07 million.
Chute develops and markets a visual marketing automation platform that enables companies and brands to discover, organize, obtain consent and publish fan photos and videos at every customer touch point — as a mobile app, photo gallery, banner ad or even a billboard in Times Square. The company is backed Foundry Group, Freestyle Capital and U.S. Venture Partners.
The company, headquartered in San Francisco CA, is led by Ranvir Gujral (President). Chute elected to keep its revenues undisclosed.
The executive team includes Gregory Narain.
The board of directors includes John Battelle and Ryan McIntyre.
The company has raised an estimated total of $13.07 million via private unregistered security offerings.