Handango secures additional $9.5 million in venture funding; Wants to rule the smartphone content market
Posted by Dusan on Monday, March 10th, 2008 at 3:48 am under General
Handango has recently announced that they’ve raised an additional $9.5 million in its Series C round of financing. The money will be used to support new distribution deals, improve the scalability of infrastructure and global expansion. In addition, with all the fuss surrounding the phenomenon called “user experience”, the smartphone content distributor will work to make content easier to browse, find and purchase online and directly from a mobile device.
Participating in the Series C round are Institutional Venture Partners (IVP), Advanced Technology Ventures (ATV), Centerpoint, Neo Carta, Pharos Capital Group and SSM Partners. All investors who participated in the Series B round of financing in September 2006 are participating in the current round.
Commenting on the new round, Handango’s CEO Bill Stone said: “Securing this round of funding further proves our leadership position in the distribution of smartphone content. As the demand for smartphones expands from early adopters to mainstream consumers, we are confident that Handango’s new distribution platforms and expanded content offerings will only further our dominance in this industry.”
