Tango Takes $42 Million VC Round To The Bank And Its Mobile Video Calling To The PC

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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.