Tuesday, September 28, 2010

True Ventures Invests In PingPin, Headed By Jaiku's Engestrom

Palo Alto-based True Ventures, along with New York-based Betaworks, have appeared to have just made an investment in Pingpin, a stealth mode developer of mobile applications. The funding came to light via a regulatory filing. The Series A funding deal was worth $775,000. Pingpin is headed by Jyri Engestrom, who was previously a product manager at Google, and was co-founder and Chairman of Jaiku. The firm now lists Jon Callaghan of True Ventures as a board member, and has its address listed as that of Betaworks in New York. More information »