Monday, March 03, 2008 Handed $9.5 Million

"Handango on Monday said it picked up $9.5 million in a third round of funding from investors interested in its smart phone content distribution.
Hurst, Texas-based Handango boasts smart phone content deals with 16,000 developers. The startup offers software and games for users of devices operating Palm, Windows Mobile, BlackBerry, Symbian, Linux, PSP, or Tablet PC.
Investors in the funding round included Institutional Venture Partners, Advanced Technology Ventures, Centerpoint, NeoCarta, Pharos Capital Group, and SSM Partners
“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,” IVP General Partner Sandy Miller said in a statement.
The funding will be used to boost the company’s efforts in distribution, build its technology, and expand. "

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