T-Venture Invests $7.5M In Pinger

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[Techtaffy Newsdesk]

Pinger has closed a new round of venture capital financing from T-Venture, the venture capital arm of Deutsche Telekom. In conjunction with the $7.5 million investment, Bernhard Gold, investment director at T-Venture, has joined Pinger’s board of directors. The new investment will be instrumental in fueling Pinger’s international growth.

Pinger’s mission is to build the first free global communications network. According to comScore, Pinger’s US communication products are installed in 23% of iOS devices, putting Pinger among the top 5 most installed apps on iOS. The T-Venture investment will provide capital to accelerate Pinger’s penetration on other key platforms and around the world, says the company.

Previous investors in Pinger include Kleiner Perkins Caulfield & Byers and DAG Ventures.