You may have seen our announcement that on September 30th, Tungle closed a $5M Series A round of financing. Although this was always part of the plan, in hindsight, the timing could not have been better, given the recent economic downturn.
Not only does this round of financing assure that Tungle is here to stay, it also brings some key advantages.
- For the next two years – and perhaps longer - the team will be focused entirely on building a service that solves your scheduling pains. Our attention will not be diverted by time consuming fund raising activities.
- We have assembled a strong team that will do what it takes to build a great company.
- We have surrounded ourselves with investors and advisers that understand mobility, the SAAS business, and bring relevant expertise and experience to the table.
Rest assured that we will not spend our financing orchestrating a big buzz. Rather, resources will be invested in our service and infrastructure to support you, our users, which should in turn create the desired buzz from the ground up.
That's the Tungle Way!
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