Handango Rings Up $9.5 Million in Funding

Smartphone content provider Handango has raised $9.5 million in its third round of funding. The company, which has more than 75,000 software and game titles for sale, intends to use the financing to support some new distribution deals, makes its infrastructure more scalable and expand globally. It also promises to make its smartphone content easier to browse, find and buy both online and directly from a handset.

Institutional Venture Partners, Advanced Technology Ventures, Centerpoint, Neo Carta, Pharos Capital Group and SSM Partners all contributed to the round.

“As the demand for smartphones expands from early adopters to mainstream consumers, we are confident that Handango’s new distribution platforms and expanded content offerings will only further our dominance in this industry,” Handango CEO Bill Stone said regarding the new financing.