What Company Is Offering:
Tungle is the ultimate scheduling service. Tungle is a free web-based scheduling service that extends its customers' time management and groupware solutions, making it easy to coordinate meetings with other professionals no matter where they are or what time management software or groupware application they use.
How Much They Got From VCs:
Tungle, the ultimate scheduling service, announced 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. Tungle’s service is based on proprietary algorithms that assure that Tungle customers will never be double booked as their availability changes. As blocks of times are proposed for a meeting, they are dynamically updated with the latest availability of the organizer, and with the other Tungle customers that have responded to the meeting invitation.
More at:www.tungle.com
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