# Tango

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

- Industry: Internet
- Headquarters: Palo Alto, US
- Website: www.tango.me
- Total disclosed funding: $362M
- Latest round: Series D (Apr 2, 2014)
- Investors on record: 8

## About

Tango is a live streaming platform that facilitates random video chats, fostering a community for social interaction and entertainment through engaging video conversations.Founded in 2009 in Palo Alto, US, Tango operates as a live streaming platform that connects users through random video chats. The company has undergone no significant pivots in its business strategy since inception. Tango was co-founded by David Leeds, Eric Siegfried, Jean-Philippe Marcos, Pranav Tyagi, and Uri Raz. In April 2014, Tango raised USD 80.00 mn in Series D funding from TransLink Capital and another undisclosed investor, which brought the total amount raised to USD 80.00 mn. The company's current valuation stands at USD 976.95 mn.Tango Live Streaming Platform offers a unique service that allows users to engage in random video chats with strangers, facilitating a global community of live interactions. The platform connects users through a streamlined interface that promotes spontaneous conversations, catering to individuals looking for social connection and entertainment. Since its launch, Tango has aimed to enhance user experience by providing features such as filters and interest-based matching to optimize engagement. The primary end-users include individuals seeking companionship or entertainment, with a diverse client base spanning across North America, Europe, and parts of Asia. The company focuses on creating a safe and engaging environment, which is essential for attracting and retaining users in different geographical markets.Tango generates revenue primarily through a transaction-based model that allows users to access premium features within the platform. Clients can purchase in-app credits, which can be used to unlock exclusive content or features, creating a direct-to-consumer revenue stream. Additionally, Tango may engage in partnerships that enhance its service offerings, enabling a multi-faceted approach to revenue generation. Specific pricing plans for these premium services are structured to encourage user engagement while supporting the platform's operational costs. The flagship service revolves around live-streaming interactions, which not only drive user subscriptions but also facilitate a vibrant ecosystem of content creators and consumers within the platform.Tango plans to utilize the USD 80.00 mn raised in its most recent Series D funding to enhance its platform and expand into new markets. The company aims to design and launch new features that facilitate user engagement by the end of 2024. Specific targets include expanding into additional regions in Europe and Asia to grow its user base and create more diverse interactions. Given the success of its current model, Tango seeks to solidify its presence in these new markets while continuing to innovate on its core services.

## Funding rounds

- Series D, Apr 2, 2014, $80M — TransLink Capital
- Series D, Mar 18, 2014, $200M — Draper Fisher Jurvetson, TransLink Capital, Qualcomm Ventures, Access Industries, Alibaba Group, TOMS Capital
- Series C, Apr 24, 2012, $38M — Draper Fisher Jurvetson, Access Venture Partners, TransLink Capital, Qualcomm Ventures
- Series B, Jul 20, 2011, $42M — Draper Fisher Jurvetson, TransLink Capital
- Series A, Oct 19, 2010, $2.8M — Maven

## Investors

- Maven (https://capitalatlas.ai/funds/maven) — Series A
- Draper Fisher Jurvetson (https://capitalatlas.ai/funds/draper-fisher-jurvetson) — Series B, Series C, Series D
- TransLink Capital (https://capitalatlas.ai/funds/translink-capital) — Series B, Series C, Series D
- Access Venture Partners (https://capitalatlas.ai/funds/access-venture-partners) — Series C
- Qualcomm Ventures (https://capitalatlas.ai/funds/qualcomm-ventures) — Series C, Series D
- Access Industries (https://capitalatlas.ai/funds/access-industries) — Series D
- Alibaba Group — Series D
- TOMS Capital — Series D