What is Tangoe?
Tangoe operates as a leading technology expense and asset management solution provider. The company's core offering involves seamless integration with hundreds of global providers, enabling enterprises of all sizes to access critical reporting and insights. By leveraging an advanced automation framework and a unified customer experience, Tangoe is instrumental in optimizing spend and resources across key technology domains including telecom, mobile, cloud, and IoT. Its solutions are designed to provide enterprises with the necessary tools to manage and control their technology expenditures effectively.
How much funding has Tangoe raised?
Tangoe has raised a total of $114M across 5 funding rounds:
Series B
$3M
Other Financing Round
$1.8M
Series E
$8M
Series F
$13.5M
Stock Offering
$87.7M
Series B (2002): $3M with participation from Edison Partners
Other Financing Round (2005): $1.8M led by Edison Partners
Series E (2006): $8M supported by North Atlantic Capital, Edison Partners, and Axiom Ventures
Series F (2008): $13.5M featuring ORIX and Investor Growth Capital
Stock Issuance/Offering (2011): $87.7M, investors not publicly disclosed
Key Investors in Tangoe
Edison Partners
Edison Partners is a growth equity firm that focuses on partnering with companies at critical moments in their growth journey, providing capital and operational expertise to accelerate scaling.
North Atlantic Capital
North Atlantic Capital is a venture capital firm founded in 1986, specializing in providing growth capital to innovative, high-growth technology companies across the United States.
Axiom Ventures
Axiom Venture Partners provides capital and strategic assistance to rapidly growing high technology companies, with a focus on communications, software, internet infrastructure, and biotechnology.
What's next for Tangoe?
With a history of consistent capital raises, including significant rounds like Series F and other strategic investments, Tangoe appears poised for continued expansion. The recent major strategic investment suggests a focus on scaling operations, enhancing its technology platform, and potentially exploring new market opportunities. The company's established position in managing complex technology spend for large enterprises, combined with its innovative automation capabilities, positions it well to capitalize on the growing demand for efficient IT resource management. Future developments may include further integration of AI and machine learning to drive deeper insights and automation within its solutions.
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