# Palringo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/palringo

- Industry: Internet
- Headquarters: Newcastle, UK
- Website: www.palringo.com
- Total disclosed funding: $9.2M
- Latest round: Series B (Aug 23, 2010)
- Investors on record: 6

## About

Palringo, rebranded as The World's Online Festival (WOLF), is a digital platform that facilitates interactive group messaging and entertainment experiences for users globally, fostering community engagement and self-expression.Palringo, now known as The World's Online Festival (WOLF), provides a platform for users to connect through messaging and entertainment. Founded by Eslam Adel, Jarek Rosinski, and Martin Rosinski, the company has its headquarters in Newcastle, UK. In August 2010, Palringo raised GBP 2.45 mn in a Series B round from investors including National Technology Enterprises Company, Prime Ventures, and ePlanet Capital, bringing the total capital raised to GBP 2.45 mn and valuing the company at GBP 8.17 mn post-money.WOLF offers diverse products aimed at enhancing user interaction, including group messaging, audio entertainment, and gaming experiences. The platform engages users through DJ sets, open-mic nights, and chat shows, catering to a young audience looking for social connection and creative expression. WOLF operates globally, attracting users from various markets and establishing itself as a versatile platform for online engagement.In the most recent fiscal year 2024, WOLF recorded a revenue of GBP 11,822,923, with an EBITDA of GBP -650,171. The company generates revenue through subscription services and partnerships, allowing users to access premium features and participate in community events, which drives engagement on the platform.Following its Series B funding round on August 23, 2010, Palringo will utilize the raised GBP 2.45 mn to enhance its product offerings and expand its market reach. The company is focused on launching new interactive features and exploring international markets, including Europe and Asia, within the next two years. This strategic approach aims to solidify WOLF's position in the online entertainment sector.

## Funding rounds

- Series B, Aug 23, 2010, $3.9M — Prime Ventures, ePlanet Capital, National Technology Enterprises Company
- Series A, Dec 10, 2007, $4.8M — Prime Ventures, ePlanet Capital, National Technology Enterprises Company, NStar
- Seed, Aug 3, 2006, $0.6M — Prime Ventures, Northstar Ventures, Esther Finance

## Investors

- Prime Ventures — Seed, Series A, Series B
- Northstar Ventures (https://capitalatlas.ai/funds/northstar-ventures) — Seed
- Esther Finance — Seed
- ePlanet Capital (https://capitalatlas.ai/funds/eplanet-capital) — Series A, Series B
- National Technology Enterprises Company — Series A, Series B
- NStar — Series A