Tungle nabs $5M for calendar syncing tool

September 30, 2008 | Camille Ricketts | Comments |

It’s a big day for digital scheduling startup Tungle. It not only announced a successful $5M first round of funding, but also the beta launch of its free scheduling software. The Montreal-based company offers a hosted application for coordinating meetings with groups of people across companies, platforms and calendaring software.

Commonwealth Capital Ventures, a new investor, led the round of funding, followed by JLA Ventures and Desjardins Venture Capital, which had kicked in a combined $1.5 million in seed money 18 months ago. Tungle plans to pour its new funds into marketing and further development.

The application syncs with the usual suspects — Outlook, Google Calendar and Apple iCal, and automatically updates a user’s schedule across all of his or her shared calendars to prevent double-booking. Like competitors Jiffle and TimeBridge, it helps users spot open blocks of time they have in common.

Currently, Tungle’s core product is free. It allows people to see others’ availability but no details about their appointments. Over the next 12 months the company expects to roll out premium features for an additional fee that would make more information viewable, tailor the product to specific users like recruiters, and let users reserve meeting space.

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About the Author, Camille Ricketts

Camille is the lead writer for GreenBeat. She came to VentureBeat from Google where she worked on its traditional platforms team, particularly in TV. Before that, she was a reporter for the Wall Street Journal in New York and London. Follow her on Twitter at @camillericketts, and follow VentureBeat on Twitter at @venturebeat.

With GreenBeat 2009, VentureBeat's all-star conference on all things Smart Grid, coming up in November, Camille will be expanding coverage of this exciting space. Stay up to date by following @greenbeat2009 on Twitter or by becoming a fan of the event on Facebook here.

  • Hi,

    Thanks for sharing our good news. Two clarifications:

    - Our solution does not require a download. The application is hosted. We do use small downloadable connectors if you synch with Outlook or Mac. Everything else is in the cloud.

    - We don't use P2P. We had a beta client in a previous version, but more and more of our users wanted portability and the ability to schedule meetings from any PC.

    Mark
    Tungle