Chupamobile Raises $1.3M on Crowdcube for Expansion

Chupamobile

Chupamobile, wants to be the one-stop destination for anyone dreaming to launch an app or a game.  The company announced today (September 2nd) that it has completed a $1.3 million equity crowdfunding round on Crowdcube in the 20 days since the launch. This is the second crowdfunding round the company has completed on Crowdcube having successfully funded a round seeking £400,000 this past April.  The funds are expected to be used to support the growth and expansion of the company.  Apparently the company received support from Angel investors in both the US and Europe.

According to a company report, thousands of apps and games have been built based on Chupamobile templates and have been published on the Apple App Stores. The company has created an easy and effective app creation model, allowing everybody to build his or her own app portfolio from scratch in a very short timeframe.

Stefano ArgiolasStefano Argiolas, CEO of Chupamobile, stated,”We allow people to enter the booming app business in a fast and efficient way. Now, everybody can become a successful “Appreneur”, from developers to people without coding or design skills. We provide everything they need to get their app or game published in the app stores and to start monetizing from day one.”

With more than 1,500 app and game templates listed and an ever growing community of over 100,000 users, the company is rapidly expanding and is already changing the app business from the inside.

Paolo de Santis, Co-Founder of Chupamobile, noted, “With more than 1,000 apps a month published by our users, our impact on the App Stores is considerable”, and gets excited when he claims that “over the last months, some of the apps based on Chupamobile templates have reached the top of the App Stores charts all over the World. Their success is indeed ours.”

Paolo de Santis

“Analyzing the fast-growing $70 billion App Industry, we realized how more and more people dream about launching an app or a game even if they have no coding or design skills. With Chupamobile, everyone has the opportunity to buy professional app and game templates and get them customized and published on the App Stores ready to be monetized. With over 2.3M apps available nowadays on the market, ROI is the biggest obstacle app publishers are facing. Our app and game templates make them save 90% of development time and costs. Chupamobile has the capacity to solve some of the main difficulties ‘Appreneurs’ are dealing with.”

The Chupamobile model is profitable not only for app publishers but also for developers as they can earn money by licensing their app projects unlimited times. Executive Chairman, Fabio Pezzotti, explains, “Chupamobile authors have sold app and game templates for over $1 million so far. The best of them cashed in up to $10k in only one day after publishing their work on Chupamobile”.


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