Tungle announces $5M Series A funding
Tungle, one of Montreal’s famous startup is becoming even more famous. They announced today that that it has secured 5 million dollars in Series A funding. That’s more than good news to me!
The round was led by Waltham, MA-based Commonwealth Capital Ventures. Existing investors, including JLA Ventures and Desjardins Venture Capital, also participated in the round. The funds will be used to accelerate the company’s marketing and engineering activities.
I had the chance to speak with Mark (Tungle’s CFO) sometime ago and had told him that Tungle was targeting a very problematic issue in the corporate world. This is something that a lot of people can’t see but it’s very hard to setup meetings involving multiple companies. If I were Microsoft (or even Google), I’d keep an eye on these guys.
Denis, thanks for helping us spread the news. We’re pretty excited about the fundraising and about our new service which we launched today.
Hey no problems! I also forgot to mention that you guys are hiring! People who were nervous shouldn’t be anymore: there’s a lot of money in the bank :)