Tango Closes $42m Series B Funding

Tango, a Palo Alto, CA-based provider od mobile video communications solutions, has closed a $42m Series B funding.

Investors include Draper Fisher Jurvetson and the venture capital vehicle led by Len Blavatnik and Alex Zubillaga.

The company intends to use the funds to accelerate its product roadmap.

Founded in September 2009 and led by founder and CEO Uri Raz, Tango provides a mobile video communication service designed to enable people to make free video calls and free phone calls on iPhones, iPod touch, and hundreds of Android phones and tablets, providing high quality experience over 3G, 4G, and Wi-Fi. The company’s free video calling service will be available for PCs later this summer.

The company is currently hiring (http://www.tango.me/jobs/).



Join the discussion