Zong Lands $15,000,000 Series B Financing Round
- Feed Type
- Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8bca3bc5-b6fe-40ba-9654-e870eb3e7125&Preview=1 - Date
4/27/2010 - Company Name
Zong - Mailing Address
116 Hamilton Ave Palo Alto, CA 94301 - Company Description
Back in the year 2000, when David Marcus had a full head of black hair, he started the company Echovox to help large media companies make money through mobile services. (Think voting for singers on televised singing talent shows, for example.) For the better part of the decade, Echovox did just that – until one day, David got fed up with long, painful credit card checkout flows and thought, now wouldn’t this be easier if I could just buy this with my phone? Since Echovox already has hundreds of direct connections with mobile carriers, why shouldn’t that be possible? - Website
http://www.zong.com - Transaction Type
Venture Equity - Transaction Amount
$15,000,000 - Transaction Round
Series B - Proceeds Purposes
Proceeds purposes were not disclosed. - M&A Terms
- Venture Investor
Matrix Partners - Venture Investor
Undisclosed
