Mobile social network Mobango has raised $5.7 million in its second equity round.
Mobango lets users create, upload, store, convert, share and play all sort of content for mobile devices. It can be accessed both by PC and by mobile phone. It will use the new funds to accelerate product development, strengthen its service infrastructure and increase penetration in key markets. Mobango has around 3 million registered users in UK, USA, India and South Africa.Mobango has also appointed Gianluca Dettori, ex CEO of Vitaminic (since merged with Buongiorno SpA) to its board of directors.
The financing was led by Italian fund Innogest Capital, with existing investor Doughty Hanson Technology Ventures also contributing.
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