Tango Me Valuation, Funding & Investors

Tango Me is valued at $1.1B as of March 2014.

Last Tango Me valuation

$1.1B

Undisclosed stage · Mar 2014

Last Tango Me funding round

$280M

Undisclosed stage · Mar 2014

Cumulative funding Tango Me raised

$280M

across 1 funding round

Key investors in Tango Me

Tango Me Overview

About Tango Me

Tango Me is a Mountain View-based live streaming app enabling broadcasters to monetize video content through virtual gifts and subscriptions. Users engage in one-to-one chats or group broadcasts, with features supporting 100 million monthly active users across iOS and Android in 200 countries.


Founded

2009

HQ

United StatesSan Francisco, CA

Website

tango.me

Status

Privately held

Customer focus

B2C

Revenue model

Subscription, Product sales

Valuation

$1.1B (Mar 2014)

Tango Me Valuation

Tango Me is currently valued at $1.1B, based on its undisclosed-stage round in March 2014.

The $280M round was led by Alibaba Group, with participation from Access Industries, Jerry Yang and Draper Fisher Jurvetson.

Tango Me valuation by funding round

Tango Me valuation by funding round
DateStageValuation
Mar 2014Undisclosed stage$1.1B

Tango Me Funding History

Tango Me has raised a total of $280M across 1 funding round.

Tango Me funding rounds

Tango Me funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Mar 2014Undisclosed stageAlibaba Group (lead); Access Industries; Jerry Yang; Draper Fisher Jurvetson$280M$1.1BTango Me, a Mountain View-based mobile messaging app offering text, free voice/video calls, games, and social networking features, raised $280 million in a Series D funding round on March 20, 2014, led by Alibaba Group with a $215 million investment, alongside participation from existing investors including Access Industries, Draper Fisher Jurvetson (DFJ), Qualcomm Ventures, and Jerry Yang. This brought total funding to $367 million across four rounds. The investment valued Tango at $1.1 billion post-money, with Alibaba acquiring a 20-25% minority stake, as reported by Forbes. Alibaba executive Michael Zeisser joined the board. At the time, Tango had 200 million registered users and 70 million monthly active users, with a diverse geographic distribution: 31% from North America, 20% from Asia, 12% from Europe, 29% from the Middle East, and 8% elsewhere. The company positioned itself as a multifaceted platform combining messaging with gaming and content sharing, aiming to compete in the intensifying mobile messaging market against giants like WhatsApp, WeChat, Line, Kakao, and Viber. Recent acquisitions like Facebook's $19 billion purchase of WhatsApp and Rakuten's $900 million buyout of Viber highlighted the sector's high valuations and investor interest. Proceeds from the round were earmarked for product innovations, hiring to double the workforce to over 300 employees, expanding content partnerships, platform development, and aggressive market growth, particularly in Asia leveraging Alibaba's expertise amid China's massive $13.7 billion gaming market with 490 million users. Founders Uri Raz (CEO) and Eric Setton (CTO) emphasized Alibaba's strategic value for scaling in advanced Asian mobile messaging markets while acknowledging the competitive intensity requiring substantial resources.

Who has invested in Tango Me?

4 investors have backed Tango Me across its funding rounds, including Alibaba Group, Access Industries, Jerry Yang and Draper Fisher Jurvetson.

Lead investors include Alibaba Group.


Tango Me Investors

Investors in Tango Me by funding rounds participated
InvestorHQRoundsRoleFirst check
Access IndustriesUnited StatesNew York City, NY1ParticipantMar 2014
Jerry YangJapanTokyo1ParticipantMar 2014

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Tango Me Competitors

Tango Me competitors include listed companies like Saregama India and Viaplay, and private ones like Substack, NewsBreak, LeVP and Atmosphere.

Public and private companies comparable to Tango Me
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
SubstackUnited StatesSan Francisco, CAPrivate$50M-$1.1B22.0x
NewsBreakUnited StatesSan Francisco, CAPrivate--$1.1B-
LeVPChinaBeijingPrivate--$1B-
AtmosphereUnited StatesAustin, TXPrivate$25M-$1B40.0x
Saregama IndiaIndiaIndiaPublicly listed$100M$36M$979M8.6x
ViaplaySwedenSwedenPublicly listed$1.8B($40M)$631M0.6x

Tango Me Public Comps

Tango Me is still privately-owned, but its public comps include FuboTV, iQIYI, MNC Digital Entertainment, Saregama India, Storytel, Nine Entertainment, Zee Entertainment, Stingray Group, Skyworth Digital and MBC Group.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
FuboTV$1.6B($122M)1.9x0.5x(25.2x)23.6x
iQIYI$4.1B$2B0.6x0.7x1.3x104.4x
MNC Digital Entertainment$216M$73M4.7x-14.0x-
Saregama India$100M$36M9.7x8.6x26.8x24.6x
Storytel$410M$71M2.3x2.1x13.2x10.5x
Nine Entertainment$1.6B($279M)1.3x1.3x(7.2x)6.9x
Zee Entertainment$843M$43M0.6x0.6x12.5x8.9x
Stingray Group$328M$28M3.5x2.9x40.8x8.5x

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Common questions about Tango Me

When was Tango Me founded?Tango Me was founded in 2009.
Where is Tango Me headquartered?Tango Me is headquartered in San Francisco, CA, United States.
Is Tango Me publicly listed?No, Tango Me is a private, VC-backed company.
What is Tango Me's valuation?Tango Me was last valued at $1.1B in its undisclosed-stage round in March 2014.
How much funding has Tango Me raised?Tango Me has raised $280M across 1 funding round.
What was Tango Me's last funding round?Tango Me's last funding round was a $280M undisclosed-stage round in March 2014, led by Alibaba Group.
Who are Tango Me's investors?Tango Me's investors include Access Industries, Jerry Yang, Alibaba Group and Draper Fisher Jurvetson.
Which companies are comparable to Tango Me?Companies comparable to Tango Me include Substack, NewsBreak, LeVP, Atmosphere, Saregama India and Viaplay.

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