Tangerine Inc. announced that it expects to receive funding from D.A.Consortium Inc., WirelessGate, Inc.
August 07, 2018
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Tangerine Inc. announced that it has received series B round of funding on August 8, 2018. The company will issue common stock in the transaction. The transaction will include participation from existing investor WirelessGate, Inc. and new investor D.A.Consortium Inc. The company will receive funding through the third party capital increase.
WirelessGate Inc is a Japan-based Company mainly engaged in the wireless broadband services related business. The Company operates in three businesses. The wireless broadband business provides three services. Mobile Internet service provides Wireless Gate Wi-Fi + WiMAX2 + and Wireless Gate SIM. The public wireless LAN service provides a high-speed Internet connection service Wireless Gate Wi-Fi. The optional service provides services such as telephone remote service and smart answering machine. The wireless business domain business provides two services. The authentication platform service provides ID and password authentication platforms, which are the foundation platforms of the wireless broadband business. Other corporate service includes the provision of Internet of Things (IOT) services and Prepaid Sim Card (SIM) services utilizing LTE networks for corporations. The Company is also involved in the sale of IoT-related goods.