Capital Factory alumni Famigo, an Austin-based start-up dedicated to creating a better mobile experience for families, today announces the closing of a $1M seed round of financing led by Silverton Partners, with participation from Zilker Ventures, Liahona Ventures and CapitalFactory. They have been seeing some terrific traction lately, including having Famigo Sandbox being named by CNET as Best App for Parents.
Famigo provides a platform that makes it easy for families to discover and safely manage mobile content across multiple mobile platforms, including Apple iOS, Android and the web. With this new financing, Famigo will advance its platform capabilities and extend its reach to millions of families around the world.
“The mobile explosion has uniquely impacted families: kids are increasingly adept at using new technologies and parents suffer from an enormous responsibility to vet every purchase and experience,” said Famigo CEO Q Beck. “It doesn’t have to be that way: Famigo helps parents identify quality content, enforce their personal guidelines and better manage the mobile lives of their families. Silverton Partners’ investment validates Famigo’s technology as well as the business opportunity in solving the overwhelming frustration and concern parents feel around mobile technology and the family.”
“With mobile technology now ubiquitous, nearly every family is challenged to create order out of the chaos of App Marketplaces to ensure a safe and appropriate experience for their children,” said Morgan Flager of Silverton Partners. “Famigo’s thoughtful mobile management solutions go far beyond anything offered through today’s apps and web services to meet the needs of mobile families. Silverton Partners appreciates their unique approach to the market and sees huge potential in their business.”