Fring, the company behind the popular mobile VoIP (where V is both for voice and video) app, announced that it has closed C-round of financing. The company’s current investors participated, including North Bridge Venture Capital, Pitango Venture Capital and Veritas Venture Partners. Fring will use the new money to additionally invest in technology and bring its video communication suite to new devices.
Commenting on the news, Fring’s Co-Founder & CEO Avi Shechter said: “With the additional fuel injection from our visionary industry investors, in addition to our independent revenue streams, fring will re-double the rate at which we make fun, new ways we can all communicate, across any mobile platform.”
Those unfamiliar should know that Fring offers free mobile Group Video calls, Video calls, calls and live chat on all major smartphones. The company makes its money (about $10 million a year) from advertising and fringOut, which allows users to also call any regular phone worldwide for less.
Fring (FREE) [iTunes link] [Android Market] [Ovi Store]