Handango Receives $9.5 Million in Seed Money

Handango, a provider of smartphone content, raised an additional $9.5 million in its Series C round of financing. The money will be used to support the company’s new distribution deals, improve the scalability of its infrastructure and expand globally. Handango also plans to enhance the consumer experience to make smartphone content easier to brows, find and purchase online, and directly from a mobile device. Participating in the Series C round are Institutional Venture Partners (IVP), Advanced Technology Ventures (ATV), Centerpoint, Neo Carta, Pharos Capital Group and SSM Partners.

“Securing this round of funding further proves our leadership position in the distribution of smartphone content,” said Bill Stone, CEO, Handango. “As the demand for smartphones expands from early adopters to mainstream consumers, we are confident that Handango’s new distribution platforms and expanded content offerings will only further our dominance in this industry.”

“Handango has proven itself as the undisputed leader in the global smartphone content marketplace,” states Sandy Miller, General Partner from IVP. “This new round of funding will further enhance Handango’s plans for growth and expansion at a time when the market is ripe for infiltration.”

“With the demand for smartphones growing at a faster pace than ever, Handango is in an incredible position to continue to lead the market both within the U.S and abroad,” states former president and chief executive officer of AT&T Wireless and current Handango director, Mohan Gyani. “With the strength of Handango’s consumer-facing brand, its extensive customer base, its vast network of content partners, and its growing and evolving distribution channels, it is no surprise that this list of top-tier investors are back for another round.”