VC, funding, Software
$5M for Tungle from Commonwealth Capital
Wade Roush 9/30/08
Waltham, MA-based Commonwealth Capital Partners is the lead investor in a $5 million Series A venture round for Tungle, a maker of free Web-based calendar groupware, the Montreal-based startup announced today. Existing investors JLA Ventures and Desjardins Venture Capital also contributed to the round, which will be used to—you guessed it—”accelerate the company’s marketing and engineering activities.”
Wade Roush is Xconomy's chief correspondent. You can e-mail him at wroush@xconomy.com, call him at (617) 252-7323, or follow him on Twitter at http://twitter.com/wroush.
