Tango, a Mountain View, California-based provider of mobile messaging services, closed a $280m round of funding.
The round was led by the Alibaba Group ($215m) with the remaining $65m coming from some existing investors.
The company intends to use the funds to continue to innovate, hire people and expand content partnerships.
Founded in September 2009 by CEO Uri Raz and CTO Eric Setton, Tango provides a mobile messaging app that combines communication, social networking and content (for game developers, advertisers, and others) into a single platform.
It has 200 million registered users and 70 million monthly active users on iPhone, iPad, Android phones and tablets, Blackberry, Kindle Fire and PC and works across platforms and networks.
The company, which has offices in Beijing, China and Austin, Texas, had previously raised $87m from Access Industries, DFJ, Qualcomm Ventures, Toms Capital and Translink Capital, as well as Bill Tai, Shimon Weintraub, Jerry Yang, Alex Zubillaga and others. Including the new round, Tango has raised $367m in venture capital financing to date.
FinSMEs
20/03/2014