"Handango, the world's leading provider of smartphone content, today announced a financing in excess of $60 million to aggressively extend its leadership position in the fast-growing smartphone content market. The company plans to intensify its investment in the consumer experience, building on its position as the world's largest smartphone content retailer, accessible online and directly from the device. Additionally, Handango's growth initiatives include global expansion, support for new types of content and establishment of new distribution channels.
The funding was led by Institutional Venture Partners (IVP). Joining IVP in this round are Advanced Technology Ventures (ATV), Centerpoint, Neo Carta, Pharos Capital Group and SSM Partners. As part of the investment, Handango has appointed two new members to its board of directors: technology financier Sandy Miller from IVP, who will become chairman of the board, and the former head of Lucent's Wireless Business, Bill Wiberg from ATV. "
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