Backers included Allegro Venture Partners, Floodgate, Swan and Legend Ventures, as well as existing investors Western Technology Investments and Innovation Endeavors. In conjunction with the funding, Julie Allegro will join the company’s board.
The company intends to use the capital to expand internationally and to continue building out its existing sales and marketing efforts.
The company employs 20 people and has over 80 live enterprise customers.
Led by David Leeds, founder and CEO, Tango Card provides enterprise customers with a cloud rewards and loyalty platform which allows the recipient to choose how they spend their gift card value by choosing – for example – the brand gift card they want, donating a portion of their value to a charity.