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 navigated through various funding rounds, from its initial Series A in June 2010 to a significant Series D in March 2014, demonstrating a consistent trajectory of capital acquisition to fuel its development and market expansion in the competitive communication technology sector.
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 Qualcomm Ventures, Draper Fisher Jurvetson, and Alibaba Group
Key Investors in Tango
Draper Fisher Jurvetson
Draper Fisher Jurvetson is a venture capital firm known for backing extraordinary entrepreneurs and has a global network. They invest across various sectors, aiming to drive industry-changing innovations.
Qualcomm Ventures
Qualcomm Ventures is the investment arm of Qualcomm, a global leader in wireless technology, focusing on companies that advance mobile and connected ecosystems.
Alibaba Group
Alibaba Group is a major e-commerce conglomerate, with its Alibaba.com platform facilitating global wholesale trade, indicating a strategic interest in Tango's market reach or technology.
What's next for Tango?
The recent major strategic investment signifies Tango's ongoing efforts to scale its operations and enhance its service offerings. With a history of securing significant backing, the company is well-positioned to further innovate in the messaging and communication space, potentially exploring new features, expanding its user base, or entering new market segments. The enterprise-level nature of the funding suggests a focus on sustainable growth and market consolidation.
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