Thursday, April 30, 2009

fring gets 3rd round funding

fring™ (www.fring.com), the leading mobile Internet community and communication service, today announced the successful completion of its third round of funding to accelerate fring’s growth, openness and business activities. All previous fring investors participated in this round including U.S. based North Bridge Venture Partners, Pitango Venture Capital, Veritas Venture Partners and VenFin Limited.

Avi Shechter, fring co-founder and CEO said: “With this new funding round we will accelerate the realization of our ongoing commitment to make fring even more accessible, relevant and easy to use, therefore reducing practical barriers for mainstream users as well as 3rd party developers and partners who have expressed continued interest in fring and the fring platform.” He continued, “Combining community, experience and communication fring is already turning the mobile into the ultimate social device by mashing up people’s favourite forms and modes of communication even beyond what the fixed PC environment can offer. With this new investment all our investors recognize our leadership in this emerging paradigm shift, and demonstrate their long-term commitment to our vision. We plan to add to the fring experience and make it an ever more central part of fringsters’ social lives”.

This additional funding will be used to continue making fring more easily accessible and relevant to users and partners. With more supported platforms, devices, add-on services contributed by developers worldwide, continuously improved usability and rich features, fring is turning the mainstream mobile device into the social nexus for users to share, interact and communicate with all their cross-community mobile and online friends. For example, fring users share experiences with friends on facebook, Twitter, Last.fm and more, while communicating via Skype®, MSN® Messenger, GoogleTalk TM, Yahoo!TM, AIM® and ICQ® among others, and further enhanced with functional and location based services like WeFi, all through a single social experience from their simple fring interface on their mobile device.

Shechter concluded, “Our millions of users actively sharing, interacting and communicating over fring today will benefit greatly as fring becomes even more accessible to the rest of the mobile world, ready to shift their online social nexus to their mobile phones.”

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