LOS ANGELES—Application distribution company Handango said it snared a whopping $60 million in a recently closed funding round.
Institutional Venture Partners, Advanced Technology Ventures, Neo Carta, Pharos Capital Group, SSM Partners and Centerpoint filled the coffers for Handango, an aggregator of content and applications for smart phones. IVP executive Sandy Miller and ATV’s Bill Wiberg joined Handango’s board under terms of the deal.
The Hurst, Texas-based company said it will use the cash infusion to expand its global operations and product portfolio.
“As the smart phone industry moves from early adopter to mainstream, we see a significant opportunity,” Wiberg said. “With the broadest collection of smart phone content, its vast distribution network, and the leading consumer brand, Handango is at the epicenter of the smart phone revolution.”
