Tango Waltzes Off With $280M From Funding Round
MOUNTAIN VIEW, Calif. -- Tango, a leader in mobile messaging services, today announced it has closed a $280 million round of funding. The latest round was led by the Alibaba Group at $215 million with the additional $65 million coming from some of Tangos prior investors.
Tango has been built on a foundation of mobile messaging features which include free video and voice calling and texting available cross-platform over 3G, 4G, and Wi-Fi. Over the past year, Tango has evolved into a next generation mobile messaging app that blends communication, social networking and content into a single platform.
We are thrilled to bring on Alibaba as a strategic investor, said Tango CEO and Founder Uri Raz. Alibaba is a renowned disruptive innovator, and their investment in Tango is a testament to our strategy and a clear indication of the future potential of how content and services will be delivered to consumers.