Vyng has built a next-generation Caller ID platform that visualizes every call to start better conversations with friends and better interactions with businesses, - adding videos, music, stickers and messages.

Instead of only a name, Vyng adds visual enhancements for calls from verified businesses with easy one clock access websites and reviews.

Site: http://www.vyng.me/

Pich desc:  https://www.clearslide.com/view/new/mail?iID=QHSQk3NMcVwV5cc7MZsN

Video: https://youtu.be/mx3l6-LI0Gc

What problem is Vyng solving?

Vyng is a video caller ID app that lets you set the video your friends see when you call them. Most apps were not designed for users around the world getting their first smartphones. Tech literacy, bandwidth and other constraints create a barrier of entry for self-expression and connection. The promise of Vyng is bringing self-expression and emotion to existing mobile behaviors to these users

How much has it been used?

Vyng has served over 4,6 billion videos in over 170 countries since its 2018 launch. The company has raised $10M and is backed by March Capital, Omidyar Network, a Sequoia Capital partner, and the founders of Giphy and GroupMe. 

Vyng Traction:

• 16,081,307,196 downloads;

• 4,608,130,863 caller ID videos; 

• 170 countries;

• 4.5 rating;

• Business Vyng ID increases answer rates from 25% to 70%.

Featured in Forbes, Tech Crunch, and Entrepreneur.

Awards: Forbes 30 Under 30 for 2019

Partnering with the world’s premier technology companies: Samsung, Qualcomm, Snapchat, YELP, Giphy.

MAIN DEAL CONDITIONS

• Pre-series B, Round Size $4,5М, confirmed $4,25М;

• The startup has allocated a quota of $250K for SVSY Club;

• Convertible Note $30M cap;

• 20% discount;

• Round will be closed 30th December, 2020.

INVESTMENTS

• Raised a total of $10M in funding over 3 rounds;

• Investors:  March Capital, Omidyar Network, Sandeep Sondhi, March Capital, Omidyar Network, Alpha Edison, BAM Ventures, Clearstone Ventures, PLG Ventures, Jim Armstrong, Bill Elkus, Mark Goldston, Shaun Maguire, Juan Borrero,  Richard Wolpert

• Last round Series А ($7M) - Dec 13, 2018, $16 M pre-money valuation ;

• Out of 24 existing investors, 21 have participated this note.

TEAM

• Art Haedike - Founder/CTO;

• Paul Kats - Founder/CEO;

• Jeffrey Chernick - Co-Founder;

• Artur Badretdinov - Senior Android Engineer - Developer of ringtones on Clean Architecture.

BOARD MEMBERS AND ADVISORS

• Alex Chung: Giphy, Instagram;

• Mark Goldston: United Online, APL;

• Steve Horowitz: Snap, Google;

• Steve Martocci: Slice, GroupMe;

• James Veraldi: Musical.y, TikTok (Unicorn);

• Jay Eum: Samsung Ventures, TransLink Capital;

• Anuj Jain: Former Chief Innovation Officer of Samsung India;

• Kartik Sheth: Former CIO at Airtel (India’s largest telco);

• Charles Cella: Strong Force, Author of multiple billion dollar patent portfolios;

• Miten Sampat: Times Internet;

• Jonathan Wegener: Timehop, Snap.