Money Monday: Tungle and Ruckus

Filed in archive Companies , Finance on May 28, 2007

TUNGLE TAMES $1.5 MILLION FOR P2P MEETINGS

Tungle has secured $1.5 million of venture financing from leading Canadian venture funds JLA Ventures and Desjardins Venture Capital, and US angel Alex Karakozoff. The funds will be used to support company marketing and development.

Tungle arranges meetings with friends, co-workers, or business associates no matter where they are or what groupware or calendaring software they use. Calendars and appointments are not stored on a server. Instead they are stored on the computers of people users share their calendars with.

RUCKUS RAISES $10 MILLION FOR SCHOOL MUSIC

Ruckus Networks raised $10 million in a second round of funding. Ruckus Ruckus offers a legal music and video download service for universities. The funding was led by Anschutz Investment Company and Columbia Capital. Previous investors included Battery Ventures, Eastward Capital, Pinnacle Ventures and shelter Capital.