Vyng Acquisition, Valuation, Funding & Investors

Vyng was acquired by DigitalReef in November 2022.

See full Vyng profile

Vyng acquisition price

Undisclosed

Acquired by DigitalReef · Nov 2022

Cumulative funding Vyng raised

$15M

across 4 funding rounds

Key investors in Vyng

  • March Capital
  • Omidyar Network
  • Alpha Edison
  • NewBound Venture Capital
  • GV
  • HOF Capital
  • BAM Ventures
  • Dominor Investment

Vyng Overview

About Vyng

Vyng operates a caller ID platform visualizing incoming calls for smartphone users across India and 170 countries. Since 2018 launch, it has delivered 4 billion video plays and raised $7 million from March Capital, Omidyar Network, a Sequoia Capital partner, and founders of Giphy and GroupMe.


Founded

2015

HQ

United StatesUnited States

Website

vyng.me

Status

Acquired

Customer focus

B2C

Revenue model

Product sales, Subscription

Valuation

$3.8B (Dec 2018)

Vyng Acquisition

Vyng was acquired by DigitalReef for an undisclosed price on 15 November 2022.

Before the acquisition Vyng had raised $15M across 4 funding rounds.

DigitalReef, a global mobile marketing technology company, acquired Vyng on November 15, 2022. Vyng provides contextually relevant visuals to a mobile device's lock screen for every phone call, message, and notification, featuring caller ID, spam blocking, video caller ID, video ringtones, and user rewards through redeemable tokens. The technology displays full-screen videos and images for callers, visual enhancements for verified businesses, and uses a whitelist model based on a database of billions of numbers. The acquisition enables DigitalReef to integrate its ad platform with Vyng's patented technology, connecting brands and publishers to over 530 million registered devices. It expands capabilities to customize lock screen experiences, dialer applications, and rewards programs, aiming to enhance mobile user engagement and drive revenue. DigitalReef connects over 350 million devices with 3,000 partnerships, leveraging first- and third-party data for targeting. Vyng has triggered over 5 billion lock screen videos, holds 19 US patents, one Chinese patent, and active filings in six countries. The deal supports carriers, brands, and publishers by improving answer rates up to 70 percent and adding value to the mobile experience from lock screen to streaming media.

Vyng acquisition details
AcquirerDateType
  • DigitalReef
15 Nov 2022Strategic M&A

Vyng Valuation

Vyng is currently valued at $3.8B, based on its Series A in December 2018.

The $4M round was led by March Capital and Omidyar Network, with participation from Alpha Edison, NewBound Venture Capital and Entrepreneur Fund.

Vyng's valuation has grown 475x from $8M at its seed round in October 2017 to $3.8B in December 2018, across 2 priced rounds.

Vyng valuation by funding round

Vyng valuation by funding round
DateStageValuation
Dec 2018Series A$3.8B
Oct 2017Seed$8M

Vyng Funding History

Vyng has raised a total of $15M across 4 funding rounds.

Vyng's first fundraising round was a $3M seed round in October 2017. The most recent completed round was a $5M Series A in April 2022.

Vyng funding rounds

Vyng funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Apr 2022Series AMarch Capital; Alpha Edison; NewBound Venture Capital; Omidyar Network; Dominor Investment$5M-Vyng is a Los Angeles-based next-generation Caller ID platform that visualizes calls to help start better conversations between friends, family, and businesses, targeting smartphone users in India and beyond. The company announced a $5 million Series B financing round on April 4, 2022, backed by March Capital Partners, Newbound Venture Capital, Alpha Edison, and Omidyar Network. Since its launch in 2018, Vyng had played 5 billion videos across 170 countries. The company introduced The Bitcoin Dialer, an innovation that rewards users with micropayments of Bitcoin (measured in SATOSHIS or "SATS") for making phone calls, which users can then redeem to Bitcoin wallets or exchange through the partner wallet app Bitcoin Libre.
Dec 2018Series AMarch Capital (lead); Omidyar Network (lead); Alpha Edison; NewBound Venture Capital; Entrepreneur Fund$4M$3.8BVyng is a Santa Monica, California-based mobile app that transforms caller ID into personalized videos selected by users or callers, enhancing phone conversations with short-form video content. The app, available for Android, sources videos from a crowdsourced database of 6 million clips, JukinMedia, Yoola, and TikTok, and has distributed over two billion videos across 170 countries since launch. In December 2018, Vyng raised $4 million in a Series A funding round led by Omidyar Network India and March Capital Partners, with participation from Alpha Edison, Entrepreneur Fund, and NewBound Venture Capital. The post-money valuation reached $3.8 billion. The company has secured three patents for its video delivery technology via calls and contextual texting. Vyng plans to use the funds to expand its global team, strengthen partnerships, and develop additional patents for video content on smartphones. Prior to this round, Vyng had raised $7 million total, including angel funding from March Capital Partners, BAM Ventures, HOF Capital, and others.
Feb 2018AngelSandeep Sondhi (lead)$3M--
Oct 2017SeedMarch Capital (lead); Clearstone Venture Partners; Manatt Venture Fund; Inspiration Ventures; GV; Gaspar Global Ventures; Richard Wolpert; HOF Capital; BAM Ventures; PLG Ventures; Activat VC$3M$8MVyng develops a mobile app that allows users to set videos as ringtones, playing fresh video content on the lockscreen with incoming calls to enhance caller ID experiences. The platform supports video channels and personal videos, fostering emotional connections through visual notifications. By October 2017, the app had been downloaded by 1 million users across more than 100 countries. In October 2017, Vyng raised a $3 million Seed round led by March Capital, with participation from HOF Capital, BAM Ventures, Clearstone Venture Partners, Inspiration Ventures, GV (Shaun Maguire), Richard Wolpert (Amplify), Manatt Digital, and Gaspar Global. The post-money valuation stood at $8 million. The company planned to monetize via channel sponsorships, brand CPM bids, and in-app purchases for exclusive content like celebrity videos, geofilters, and emojis, though it was not yet generating revenue. Vyng continued raising capital post-2017, securing additional funding including a $4 million Series A in December 2018 valuing the company at $16 million, bringing total funding to $7 million by late 2018. The startup expanded globally, claiming two billion videos played across 170 countries and holding three patents for video delivery technology.

Who has invested in Vyng?

17 investors have backed Vyng across its funding rounds, including March Capital, Omidyar Network, Alpha Edison, NewBound Venture Capital, GV and HOF Capital.

Lead investors include March Capital, Omidyar Network and Sandeep Sondhi.


Vyng Investors

Investors in Vyng by funding rounds participated
InvestorHQRoundsRoleFirst check
March CapitalUnited StatesLos Angeles, CA3LeadOct 2017
Alpha EdisonUnited StatesLos Angeles, CA2ParticipantDec 2018
NewBound Venture CapitalUnited StatesMinneapolis, MN2ParticipantDec 2018
Omidyar NetworkUnited StatesSan Francisco, CA2LeadDec 2018
Clearstone Venture PartnersUnited StatesLos Angeles, CA1ParticipantOct 2017
Manatt Venture FundUnited StatesLos Angeles, CA1ParticipantOct 2017
Inspiration VenturesUnited StatesUnited States1ParticipantOct 2017
GVUnited StatesSan Francisco, CA1ParticipantOct 2017
Gaspar Global VenturesUnited StatesNew York City, NY1ParticipantOct 2017
Richard WolpertUnited StatesSan Francisco, CA1ParticipantOct 2017
HOF CapitalUnited StatesNew York City, NY1ParticipantOct 2017
BAM VenturesUnited StatesLos Angeles, CA1ParticipantOct 2017
Entrepreneur FundUnited StatesAtlanta, GA1ParticipantDec 2018

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Vyng Competitors

Vyng competitors include listed companies like Box and Dropbox, and private ones like Telegram, Instinct, InMobi and The Bot Company.

Public and private companies comparable to Vyng
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
TelegramUAEDubaiPrivate--$30B-
InstinctUnited StatesSan Francisco, CAPrivate--$2.5B-
BoxUnited StatesUnited StatesPublicly listed$1.2B$124M$4.8B4.3x
InMobiIndiaBangalorePrivate$1B-$2B2.0x
The Bot CompanyUnited StatesSan Francisco, CAPrivate--$2B-
DropboxUnited StatesUnited StatesPublicly listed$2.5B$854M$8.2B4.4x

Vyng Public Comps

Vyng is no longer listed, but its public comps include Monday.com, Lumine Group, Sinch, Life360, Doximity, AvePoint, Box, Strive, Grindr and SoundHound.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Monday.com$1.2B$8M2.4x2.1x368.8x13.3x
Lumine Group$766M$278M5.3x4.2x14.4x12.6x
Sinch$2.8B$313M1.5x1.4x13.2x11.1x
Life360$489M$32M6.4x5.0x97.0x25.6x
Doximity$645M$229M6.3x6.2x17.7x11.9x
AvePoint$419M$42M5.9x5.1x58.4x27.4x
Box$1.2B$124M4.5x4.3x43.0x13.8x
Strive$4M($21M)878.1x316.5x(149.8x)(64.9x)

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Common questions about Vyng

When was Vyng founded?Vyng was founded in 2015.
Where is Vyng headquartered?Vyng is headquartered in United States.
Is Vyng publicly listed?No, Vyng was acquired by DigitalReef in November 2022.
Who acquired Vyng?Vyng was acquired by DigitalReef in November 2022.
What is Vyng's valuation?Vyng was last valued at $3.8B in its Series A in December 2018.
How much funding has Vyng raised?Vyng has raised $15M across 4 funding rounds.
What was Vyng's last funding round?Vyng's last funding round was a $5M Series A in April 2022.
Who are Vyng's investors?Vyng's investors include March Capital, Alpha Edison, NewBound Venture Capital, Omidyar Network, Clearstone Venture Partners, Manatt Venture Fund, Inspiration Ventures, GV, Gaspar Global Ventures, Richard Wolpert and 7 others.
Which companies are comparable to Vyng?Companies comparable to Vyng include Telegram, Instinct, Box, InMobi, The Bot Company and Dropbox.

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