We uncovered Flingo back in November of last year, a company cofounded by Bit-Torrent cofounder Ashwin Navin. Back then the company was focused on building connected TV apps for a wide range of television and entertainment clients. At CES in January the company made some big social announcements around their platform with launch partner A+E Networks.
This February the company raised $7 million and today they’ve announced that Shark and Dallas Mavericks owner Mark Cuban and Gary Lauder will invest another $1 million in series A funding. We’re upset that Navin wasn’t forced to present on ABC’s Shark Tank but are happy that cash continues to pour into social TV. We interviewed him about the announcement.