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Vringo Receives $12 Million for Mobile Media and Ringtone Sharing
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Vringo Receives $12 Million for Mobile Media and Ringtone Sharing
August 2, 2007
Vringo received $12 Million from Warburg Pincus.
What does Vringo do?
Vringo provides audio tones and video ring tones.
VCU says:
Ring tones are big business, the idea of video ring tones is interesting. As long as the Vringo software is installed you can send video clips along with your calls.
Apparently they have filed at least 15 patents. While video tones are not new even more competition must be right around the corner. Avatars, photos and greeting cards are also available.
See the Vringo website.
Founders:
Read more about Jonathan Medved here.
Read more about David Goldfarb here.
Funders:
Read more about Warburg Pincus here.
Technorati: 
venture capital
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