Chupamobile Ltd. Secures Seed Investment, Fabio Pezzotti Joins The Board Of Directors

Chupamobile, the leading marketplace for buying and selling source code and components for Mobile Applications secures seed funding and strengthens its management with Fabio Pezzotti.

Online PR News – 22-February-2012 – London – London, UK / Milan, Italy - Chupamobile, a leading marketplace for buying and selling source code and components for Mobile App developments, today announced a Seed Funding round and the launch of Chupamobile Ltd., headquartered in London. Terms of the investment were not disclosed. Fabio Pezzotti, one of the most successful serial entrepreneurs in Internet and Mobile Ventures in Europe, joins the co-founders, Stefano Argiolas and Paolo De Santis.

Stefano and Paolo say: 'We have worked with our previous Company building mobile applications for big Brands for the past 5 years and we clearly perceived the need to speed up developments and re-use 'already made components' for brands, agencies, developers. This is why we have decided to build Chupamobile, a marketplace covering the most important mobile OS (iOS, android, Blackberry, others) and framework of development (Titanium, Corona, Phonegap). We see a growing interest from all sort of developers around the World both in buying useful components as well as publishing their own components to make extra-money out out their work"

Fabio Pezzotti says: "why build from scratch an app when there are already developed, pre-tested, certified component you can source and buy at Chupamobile, while focusing on developing only the 'core value' of your app? The market for mobile application development services is estimated to be reaching billions of dollars in the next coming years, and Chupamobile has a great chance to become the leading marketplace and reference for developers around the World. I have loved the passion and the talent of Stefano and Paolo in building the beta version of Chupamobile. I think they are great examples of the new wave of young digital entrepreneurs with great drive and ambitions.

About the Founders
Stefano Argiolas (31) and Paolo De Santis (30) are digital entrepreneurs since their early 20's. More recently they have worked for big Brands on their mobile marketing and mobile application strategy and operations. They have created mobile applications for Nike, 20th Century Fox, Nokia, Enel, Ducati. They have also worked internationally with clients in Dubai, India. Last summer they have decided to focus on creating the best and most efficient marketplace in the World for mobile components and developers, Chupamobile.

About Fabio Pezzotti
Fabio (46) has co-founded his first Internet venture, Xoom S.p.a., in 1998, which became very soon the largest web community in Italy, with over 1.5 million Italian members. The Company was later acquired by the Internet subsidiary of Telecom Italia. Later on, in 2006, Fabio founded in London Mobango Ltd., the first social network able aggregating over 6 million members distributing and interacting with user generated content and Apps via mobile internet. Mobango closed 2 institutional round between 2006 and 2008, and was acquired by the Mumbai based People Infocom late in 2010. People Infocom is one of the leading Internet and Mobile content groups in India, backed by Sequoia and Intel Capital. Fabio is also an active investors in early stage startup and member of IAG (Italian Angels for Growth, one of the largest business angel networks in Europe).

About Chupamobile
Chupamobile was officially launched in January 2012. Incorporated in London in February 2012 and received its first seed financing round from Xandas New Media Ventures, based in Milan, an investment Company and accelerator for digital ventures in Europe, headed by Fabio Pezzotti.
Chupamobile is actually utilized by thousands of users, such as professional app developers and development agencies.

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