Disqus
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.”
About The Author
Dusan Belic
Dusan has been using smartphones since their introduction and is now following the latest trends in the industry. The "convergence" is what he's most excited about, and writing about it is the next logical thing to do. He thinks that using a smartphone is what everyone who cares about their time should do. In addition to his interests in mobile phones, Dusan also loves to experiment with the latest web and mobile 2.0 services. The idea of accessing and managing your information from any device no matter where you are simply amazes him. Whether it's an online to-do list, note taking service or a video sharing social network, he's there to try it out. He admits though, he's still searching for the ultimate web-based organizational tool, which "sings" perfectly with the mobile PIM application. Dusan used to run SymbianWatch.com which later became part of IntoMobile. He lives in Serbia, South-East Europe, from where he edits the site on a daily basis.
