Flingo receives investments from entrepreneurs
May 2, 2012
Flingo, the largest publisher of Smart TV apps, has received funding from entrepreneur Mark Cuban, founder of Broadcast.com, chairman of HDNet, and owner of the Dallas Mavericks, Landmark Theatres, and Magnolia Pictures.
Cuban and Gary Lauder, managing director of Lauder Partners LLC, lead the additional investment to bring Flingo’s Series A funding total to $8 million. In February, the company announced that August Capital led a $7 million Series A financing. Available on over 8.5 million screens, in 118 countries worldwide, Flingo’s Smart TV software provides a social experience integrated with broadcast content both on the TV and second screens such as tablets, laptops and smartphones.
Cuban says he discovered Flingo at CES 2012 when he saw a crowd in the Flingo booth watching a demonstration of its SyncApps technology, which enables viewers to share what they’re watching with friends and followers on social networks directly from the TV.