What is Tango?
Founded in 2009 and headquartered in Mountain View, California, TangoME, Inc. operates as a provider of cross-platform messaging services. The company has a history of securing substantial investment, indicating strong investor confidence in its technology and market strategy. Its evolution from early-stage financing to major enterprise-level rounds suggests a scaling phase focused on broadening its service offerings and user base.
How much funding has Tango raised?
Tango has raised a total of $371.7M across 5 funding rounds:
Series A
$3M
Debt
$8.6M
Series B
$42M
Series C
$38.1M
Series D
$280M
Series A (2010): $3M with participation from S3 Ventures
Debt (2010): $8.6M, investors not publicly disclosed
Series B (2011): $42M supported by Draper Fisher Jurvetson
Series C (2012): $38.1M, investors not publicly disclosed
Series D (2014): $280M backed by Draper Fisher Jurvetson, Qualcomm Ventures, and Alibaba Group
Key Investors in Tango
Draper Fisher Jurvetson
Draper Fisher Jurvetson is a venture capital firm known for backing extraordinary entrepreneurs globally, with a focus on transformative technologies across various sectors.
Qualcomm Ventures
Qualcomm Ventures is the venture investment arm of Qualcomm, a global leader in wireless technologies, focusing on companies that advance mobile ecosystems and connectivity.
Alibaba Group
Alibaba Group is a multinational technology company specializing in e-commerce, retail, and technology, with a significant presence in global online trade.
What's next for Tango?
With the recent major strategic investment, Tango is poised for accelerated growth. The company's trajectory, marked by consistent funding rounds including Series A, B, C, and D, points towards a mature stage of development. Future initiatives are likely to focus on enhancing its messaging platform, potentially expanding into new service verticals, and solidifying its competitive edge in the dynamic communication technology landscape. The strategic nature of the latest funding suggests a focus on partnerships and market expansion.
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