Handango Gets $9.5 Million Third Round For Smartphone Content

Handango has raised a $9.5 million third round from Institutional Venture Partners (IVP), Advanced Technology Ventures (ATV), Centerpoint, Neo Carta, Pharos Capital Group and SSM Partners. All of these investors participated in the Hurst, TX-based company's much bigger $60 million second round in September 2006. The announcement calls the current raise a round of "additional" funding (suggesting a top off), which will go towards a global expansion, supporting existing deals, and improvement to the company's infrastructure. The company says it is a distribution source for over 16,000 smartphone content applications, working on a variety of different platforms and with different carriers, including Verizon Wireless (NYSE: VZ), T-Mobile and AT&T (NYSE: T). The company, which formed in 1999, originally start off distributing apps for PDAs. Release.

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