Famigo Announces Close of $1 Million Seed Round to Expand Family Focused Mobile Platform
AUSTIN, Texas, March 29, 2012 /PRNewswire/ -- Famigo, an Austin-based start-up dedicated to creating a better mobile experience for families, today announces the closing of a $1M seed round of financing led by Silverton Partners, with participation from Zilker Ventures, Liahona Ventures and Capital Factory.
Famigo provides a platform that makes it easy for families to discover and safely manage mobile content across multiple mobile platforms, including Apple iOS, Android and the web. With this new financing, Famigo will advance its platform capabilities and extend its reach to millions of families around the world.
"The mobile explosion has uniquely impacted families: kids are increasingly adept at using new technologies and parents suffer from an enormous responsibility to vet every purchase and experience," said Famigo CEO Q Beck. "It doesn't have to be that way: Famigo helps parents identify quality content, enforce their personal guidelines and better manage the mobile lives of their families. Silverton Partners' investment validates Famigo's technology as well as the business opportunity in solving the overwhelming frustration and concern parents feel around mobile technology and the family."
"With mobile technology now ubiquitous, nearly every family is challenged to create order out of the chaos of App Marketplaces to ensure a safe and appropriate experience for their children," said Morgan Flager of Silverton Partners. "Famigo's thoughtful mobile management solutions go far beyond anything offered through today's apps and web services to meet the needs of mobile families. Silverton Partners appreciates their unique approach to the market and sees huge potential in their business."
Famigo makes mobile work for families. Founded in 2009, Famigo is a venture-backed mobile software company that encourages fun interactions among family members, and provides a platform for families to safely discover, manage, and enjoy content and apps on smartphones and tablets. Famigo can be found on the web at www.famigo.com, and on Twitter @Famigo.
About Silverton Partners
Silverton is an early-stage venture capital firm focused on Texas-based companies. Their culture is people-driven which leads them to partner with exceptional entrepreneurs who are committed to attacking growth markets with proprietary products or services.