Mobile video calling app Tango is taking off, recently passing 17 million registered users in half the time it took Skype. It got that far with about $14 million in venture capital. Today, Tango announced that it just raised another $42 million in a series B financing led by Draper Fisher Jurvetson, the same VC firm that first invested in Skype. Angel investor Len Blavatnik and Alex Zubillaga also participated.
So far, Tango has been a mobile-only product, allowing people on both Androids and iPhones to conduct video chats with each other. With the proliferation of video cameras in smartphones, the service is taking off. The company will now take the fight to Skype’s home turf, the PC. A Windows PC version will launch by the end of the summer, allowing Tango video calls to take place between iPhones, Windows PCs, Android phones, and iPads.
Tango co-founder Eric Setton will be speaking at our Mobile First CrunchUp on July 29. So will Howard Hartenbaum, the August Capital VC who invested in Skype way back when he was working at Draper Fisher. The two should have plenty to talk about.
Tango is a free, high-quality mobile video calling service for iPhone and Android that works on 3G, 4G, and Wi-Fi. Tango empowers people to share what they see and to have fun with video calling whether at home or on-the-go. Tango offers high-quality video calling for iPhone 3GS and iPhone 4, and Android devices including Motorola Droid X, HTC EVO, HTC Incredible, and Google Nexus One, and works with carrier phone and data plans, and on Wi-Fi networks....
Draper Fisher Jurvetson is a venture capital firm with global presence through a network of partner funds, with offices in more than 33 cities around the world. DFJ has backed over 300 companies in many different industries.
Sponsored Ads
Sponsored Ads
Sponsored Ads
San Francisco, CA
