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- Vyng
Vyng Acquisition, Valuation, Funding & Investors
Vyng was acquired by DigitalReef in November 2022.
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
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
Website
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.
| Acquirer | Date | Type |
|---|---|---|
| 15 Nov 2022 | Strategic 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
| Date | Stage | Valuation |
|---|---|---|
| Dec 2018 | Series A | $3.8B |
| Oct 2017 | Seed | $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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Apr 2022 | Series A | March 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 2018 | Series A | March Capital (lead); Omidyar Network (lead); Alpha Edison; NewBound Venture Capital; Entrepreneur Fund | $4M | $3.8B | Vyng 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 2018 | Angel | Sandeep Sondhi (lead) | $3M | - | - |
| Oct 2017 | Seed | March 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 | $8M | Vyng 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Oct 2017 | ||
| 2 | Participant | Dec 2018 | ||
| 2 | Participant | Dec 2018 | ||
| 2 | Lead | Dec 2018 | ||
| 1 | Participant | Oct 2017 | ||
| 1 | Participant | Oct 2017 | ||
| 1 | Participant | Oct 2017 | ||
| 1 | Participant | Oct 2017 | ||
| 1 | Participant | Oct 2017 | ||
| 1 | Participant | Oct 2017 | ||
| 1 | Participant | Oct 2017 | ||
| 1 | Participant | Oct 2017 | ||
| 1 | Participant | Dec 2018 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialVyng Competitors
Vyng competitors include listed companies like Box and Dropbox, and private ones like Telegram, Instinct, InMobi and The Bot Company.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $30B | - | ||
| Private | - | - | $2.5B | - | ||
| Publicly listed | $1.2B | $124M | $4.8B | 4.3x | ||
| Private | $1B | - | $2B | 2.0x | ||
| Private | - | - | $2B | - | ||
| Publicly listed | $2.5B | $854M | $8.2B | 4.4x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1.2B | $8M | 2.4x | 2.1x | 368.8x | 13.3x | |||
| $766M | $278M | 5.3x | 4.2x | 14.4x | 12.6x | |||
| $2.8B | $313M | 1.5x | 1.4x | 13.2x | 11.1x | |||
| $489M | $32M | 6.4x | 5.0x | 97.0x | 25.6x | |||
| $645M | $229M | 6.3x | 6.2x | 17.7x | 11.9x | |||
| $419M | $42M | 5.9x | 5.1x | 58.4x | 27.4x | |||
| $1.2B | $124M | 4.5x | 4.3x | 43.0x | 13.8x | |||
| $4M | ($21M) | 878.1x | 316.5x | (149.8x) | (64.9x) | |||
This data is available for Pro users. Sign up to see all Vyng competitors and their valuation data. Start Free Trial | ||||||||
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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