»
S
I
D
E
B
A
R
«
MOBILE COMMUNICATION STARTUP FRING BAGS MORE FUNDING
May 1st, 2009 by admin

Fring, the Israel-based ambulatory call and chitchat covering provider, has winking a Series C ammo of finance on crowning of the $13 meg it has upraised since its inception in 2006. The top comes from its whole itemize of preceding backers: North Bridge Venture Partners, Pitango Venture Capital, Veritas Venture Partners and VenFin Limited every participated in the round.

The actualised turn upraised was not shared, but we’re told that the ordinal ammo is pretty such on par with the Series B ammo the consort winking in August 2007 (estimated at $12 meg when we reportable it, but more in the neighborhood of $10 meg according to aggregation we conventional later) and that it’s “most definitely not a downround”.

Fring markets an all free, ad-supported ambulatory covering that allows users to vow in Web-based ethnic activities, including VoIP calling, fast messaging and ethnic networking. The start says it intends to ingest the player resource to attain the app harmonious with more ambulatory environments (Android, anyone?), hold more Web-based accord services, inform a pair of newborn features and attain whatever usability improvements crossways the board.

When the frugalness started crumbling terminal Fall, fring let go 20% of its workforce, though at the instance it expressed revenues were actually on the face but it necessary to revilement costs to modify its runway finished 2009.

The consort is up against a slew of well-funded start rivals, including Nimbuzz, Truphone and eBuddy, but also progressively against Skype, which is eyeing the ambulatory phone market more and more.

Crunch Network: CrunchBoard because it’s instance for you to encounter a newborn Job2.0


Share and Enjoy: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Digg
  • del.icio.us
  • Netvouz
  • DZone
  • ThisNext
  • MisterWong
  • Wists
  • feedmelinks
  • Furl
  • LinkaGoGo
  • Slashdot
  • Technorati
  • YahooMyWeb

Leave a Reply

»  Substance: WordPress   »  Style: Ahren Ahimsa