Montreal's Tungle secures $5 Million

Posted by Rob Lewis

Montreal start-up Tungle announced today that it has secured $5 million in Series A funding. The round was led by Waltham, MA-based Commonwealth Capital Ventures. Existing investors, including JLA Ventures and Desjardins Venture Capital, also participated in the round. The funds will be used to accelerate the company's marketing and engineering activities.

In addition to closing a funding round, Tungle also unveiled the beta version of its free, next-generation web scheduling service. It allows users to dynamically propose times to meet with one or many people and securely share their free/busy calendar across company boundaries with any other Tungle user.

Tungle is accessible from any browser and optimized for all mobile environments. Professionals on the move - checking email on their BlackBerry, iPhone or any other smartphone - can respond to a Tungle meeting invitation via a link. A click on that link launches a smartphone browsing session, formatted for each device's display. No download or registration is required.

Tungle is currently #22 on the Techvibes Montreal Start-up Index.

Company:
Tungle
Website:
http://www.tungle.com
Location:
Montréal, Québec, Canada

Tungle is the industry's first calendar accelerator. By syncing with your existing calendar, you get all the scheduling and calendar sharing benefits of Tungle without having to switch to a new system. Keep using your Google, Outlook, iCal or Entourage calendar - Just sync it with Tungle and you'll be able to: Easily schedule meetings with anyone Share calendars inside or outside your company, even with people... more

Company:
Commonwealth Capital Ventures
Website:
http://www.commonwealthvc.com
Location:
Waltham, Massachusetts, United States

Commonwealth Capital Ventures was founded in 1995 by a team of experienced venture capital investors. The firm focuses on software and services, Internet and digital media, communications and wireless, and instruments and systems investments. With more than $580 million of committed capital under management, the firm's partners have invested in over 140 high-growth companies. more


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Rob Lewis

Rob Lewis

Rob is the President of Techvibes Media and Editor-in-Chief of Techvibes.com.  His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University. When not running Canada's leading technology media property, Rob can be... more




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