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.