Tongal Secures $15,000,000 Series B Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=bd5575b3-09f2-47d5-b043-89278aafbda0&Preview=1 -
Date
1/16/2013 -
Company Name
Tongal -
Mailing Address
4063A Glencoe Ave Marina Del Rey, CA 90292 -
Company Description
In 2004, James Surowiecki published The Wisdom of Crowds. The central thesis of his book is that a diverse collection of people is likely to make certain decisions and predictions better than independently operating individuals or even experts. Furthermore, the outcomes of work are better when a group of motivated individuals collaborates (Tongal) as opposed to when a small committee of like-minded individuals or “experts” influences the decisions of those working under them. -
Website
http://www.tongal.com -
Transaction Type
Venture Equity -
Transaction Amount
$15,000,000 -
Transaction Round
Series B -
Proceeds Purposes
Tongal plans to use the funding to accelerate the build-out of its premiere global creative community and to support plans for rapid expansion. -
M&A Terms
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Venture Investor
Insight Venture Partners
