Friday, June 26, 2009

Red Mango Gets $1.2M

Sherman Oaks-based Red Mango, one of a number of Korean-style frozen yogurt chains based in Los Angeles, has raised $1.2M of a $8M, venture funding round, according to a recent regulatory filing by the company. No details on the funding have been released by the company. The firm has previously raised around $12M from CIC Partners and Stone Canyon Venture Partners. Daniel Kim, Red Mango's President and CEO, is a veteran of Southern California's technology startup industry, having served at such firms as Stamps.com, Lightcross, Kotura, and other firms; he was also an investment banker at Donaldson Lufkin & Jenrette, and has experience in the retail space with J. Crew, and P.F. Chang's, among others. More information »

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