Tongal Secures $15,000,000 Series B Round

  • Feed Type
  • Date
    1/16/2013
  • Company Name
    Tongal
  • Mailing Address
    4063A Glencoe Ave Marina Del Rey, CA 90292
  • Company Description
    In 2004, James Surowiecki published The Wisdom of Crowds. The central thesis of his book is that a diverse collection of people is likely to make certain decisions and predictions better than independently operating individuals or even experts. Furthermore, the outcomes of work are better when a group of motivated individuals collaborates (Tongal) as opposed to when a small committee of like-minded individuals or “experts” influences the decisions of those working under them.
  • Website
    http://www.tongal.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $15,000,000
  • Transaction Round
    Series B
  • Proceeds Purposes
    Tongal plans to use the funding to accelerate the build-out of its premiere global creative community and to support plans for rapid expansion.
  • M&A Terms
  • Venture Investor
    Insight Venture Partners