‘Tapingo’ Secures $3.5M For Mobile Commerce Platform

Tapingo, a provider of a mobile commerce platform enabling students to use their phone to order and pay for food and goods at merchants on and around college campuses, announced that it has secured its first institutional financing round from Carmel Ventures. Carmel has invested $3.5 million and Shlomo Dovrat, Co-Founder and General Partner of Carmel Ventures, has joined the Company’s board of directors. Tapingo is commercially available on a number of college campuses in the US and plans to expand in the following months. The company, based in San Francisco, has an R&D center in Tel Aviv, Israel.