Mobile Incubator Tandem Gets $32 Million

  • June 14, 2012

Mobile startup accelerator Tandem Capital has raised a $32 million fund from investors, including Verifone CEO Doug Bergeron, Google founding board member Ram Shriram, Playdom founder Rick Thompson and other executives and organizations.

Silicon Valley-based Tandem aims to nurture mobile start-ups by providing $200,000 in funding along with free workspace and daily interaction with a team of experts in business development, product design, marketing, and other disciplines.

Among Tandem portfolio companies is PlayHaven, a monetization platform for mobile games integrated with 1,500 titles, and BitRhymes, a cross-platform casino game with over 2 million active users. Another Tandem-backed company, ZumoDrive (now MotoCast), which provides a digital storage service, was acquired by Motorola in 2010.

The company said the next deadline for entrepreneurs to submit applications to receive funding from Tandem is July 1.

 

Next story loading loading..