Office-for-iPad App CloudOn Raises $16 Million in Series B Funding

CloudOn, an application for accessing Microsoft Office applications, Adobe Reader and DropBox on iPads and Android tablets, has raised $16 million in Series B funding today from Social+Capital, TransLink Capital and existing investors Foundation Capital and Rembrandt Venture Partners. The company first launched in January 2012, and claims more than one million downloads in the past five months. The app is currently free, though CloudOn has said it may introduce a tiered pricing structure.