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COMPANY PROFILE

Handango

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Smartphone applications for the blackberry, palm, windows mobile, symbian os and linux platforms

Durham, United StatesFounded 1998Consumer Services
Valuation $50–100M Last recorded · 2008
Headcount <100 Current team size
Total funding $50–100M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Handango and the history behind them.

About Handango

Handango emerged in 1999 as a pioneering force in the nascent mobile content market, establishing one of the first online software stores for personal digital assistants (PDAs) and smartphones. The company was founded by Randy Eisenman, who established the venture while serving as a partner at the multi-billion-dollar private investment firm Q Investments, L.P., which incubated Handango. Eisenman's background as a financial analyst at Goldman, Sachs & Co., where he focused on technology and media investments, provided a strong foundation for his vision for the company. He was joined by CEO Laura Rippy in November 1999, an executive who had previously co-founded MSN HomeAdvisor.com and MSN Sidewalk.com during a six-year tenure at Microsoft.

The company's core business was the global distribution of mobile applications. Handango operated as a marketplace, connecting tens of thousands of software developers with a broad consumer base. Its revenue model was primarily based on a revenue-sharing agreement with developers, initially a 70/30 split which was later adjusted to 60/40. The platform was device and platform-agnostic, offering a vast catalog of software for a wide range of operating systems including Palm OS, Windows Mobile, Symbian, BlackBerry, and eventually Android. Handango's customers were not just individual consumers but also mobile operators and original equipment manufacturers (OEMs), for whom it provided e-commerce services and support.

A key product was the "Handango InHand" on-device application, launched in 2003. This service allowed users to browse, purchase, and install software directly onto their mobile devices without needing to sync with a computer, a significant convenience at the time. The company is credited with introducing several industry firsts, such as a self-service developer portal and the implementation of digital rights management (DRM) with Nokia. In February 2010, amid a shifting market landscape dominated by the rise of Apple's App Store and Google's Android Market, Handango was acquired by its competitor, PocketGear, Inc. This merger created what was then the world's largest cross-platform, independent app store, combining their catalogs to over 140,000 titles. Following the acquisition, the combined entity was rebranded as Appia a year later and pivoted to a white-label app store platform, leading to the shutdown of the Handango website in 2013.

Source: Dealroom company data

At a glance

Status
Acquired
Founded
1998
Headquarters
Durham, United States
Employees
27
Open positions
None listed
Dealroom signal
22.3/100
Industry
Music
Sector
Consumer Services, Messaging
Client focus
b2c

Funding history

4 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITIONOther financing Feb 2010 $0 — Appia —
SERIES COther financing Mar 2008 $9.5M $38M Undisclosed —
Showing the latest 2 of 4 recorded eventsBook a demo for the full funding history →

Growth signals

Handango website traffic

Latest recorded traffic for Handango is 4.8K monthly website visits, up 531.6% over the last three months. Handango's team declined 3.6% over the past year.

Latest monthly visits4.8K 3-month web change+531.6% 1-year team growth-3.6%
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Similar companies

Closest operating peers by Dealroom taxonomy

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

7 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A5 investors entered at this stage

  • IVP
  • Advanced Technology Ventures
  • SSM Partners
  • NeoCarta Ventures
  • Pharos Capital Group

Series B and later1 investor entered at this stage

  • HM Capital

Other known investors1 additional known investor

  • Appia
Team profiled 13 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators Hidden — book a demo quality score
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
2 countries with
team presence
🇺🇸 United States75%
🇹🇷 Turkey25%
2 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Handango on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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