Mobile privacy specialist AgeCheq has announced the closure of a $1 million (€737,118) Series A investment round, which was funded by angel investors in Pennsylvania and Washington, D.C. in less than six weeks.
Founded in 2013, AgeCheq offers a compliance solution for mobile game developers that must comply with the law as well as help parents regain control over their children’s online privacy.
The firm also claims to be the mobile industry’s only complete ‘COPPA compliance system’.
Created in 2000, COPPA was passed to protect children under the age of 13 when using the internet. Following the influx of mobile devices, COPPA was revised in 2012 to cover mobile games and the revised law went into effect in July 2013.
Roy Smith, founder and chief executive officer of AgeCheq, said the financing would allow the company to strengthen its services in order to help enforce the amended COPPA law.
“Because game publishers risk huge fines for ignoring or improperly complying with the COPPA law, we created AgeCheq to drastically reduce the effort and cost of compliance,” Smith said.
“This financing allows us to complete the build out of our technology to handle the needs of the entire mobile app industry.
“At scale, our system will readily handle 750 million parental game approvals per day, comfortably exceeding the needs of even today’s red hot mobile game market.”