Fring, the Israel-based mobile call and chat application provider, has closed a Series C round of financing on top of the $13 million it has raised since its inception in 2006. The capital comes from its entire list of previous backers: North Bridge Venture Partners, Pitango Venture Capital, Veritas Venture Partners and VenFin Limited all participated in the round.

The actual amount raised was not shared, but we’re told that the third round is pretty much on par with the Series B round the company closed in August 2007 (estimated at $12 million when we reported it, but more in the vicinity of $10 million according to information we received later) and that it’s “most definitely not a downround”.

Fring markets an entirely free, ad-supported mobile application that allows users to engage in Web-based social activities, including VoIP calling, instant messaging and social networking. The startup says it intends to use the extra funding to make the app compatible with more mobile environments (Android, anyone?), support more Web-based community services, introduce a couple of new features and make some usability improvements across the board.

When the economy started crumbling last Fall, fring let go 20% of its workforce, although at the time it stated revenues were actually on the upside but it needed to cut costs to extend its runway through 2009.

The company is up against a slew of well-funded startup rivals, including Nimbuzz, Truphone and eBuddy, but also increasingly against Skype, which is eyeing the mobile handset market more and more.

As Hulu continues its spectacular rise (it is the No. 3 video site in the U.S. and is closing in on No. 2), it just got major buy-in from yet another major media company. Disney is now an investor, joining News Corp and NBC (along with private equity firm Providence Equity Partners). Each of the three media companies now reportedly own 27 percent of Hulu.

As the initial exclusivity for NBC and Fox content expires, Hulu will be adding Disney/ABC videos and TV shows to its distribution mix as well. Hulu is becoming the preferred distribution channel for the big media companies. And it is succeeding in attracting the fickle Web audience. This should worry YouTube, which is still casting about for a business model that will pay for its enormous storage and bandwidth costs. The media companies cannot ignore YouTube just yet, but by strengthening Hulu they can give it their best content first.

In the world of media companies, every new distribution window is a new opportunity to make money. So instead of thinking of the Web as one big distribution window, maybe Hulu gets first dibs at the hottest shows and movies, and then YouTube after a while. the media companies would like nothing better than to displace YouTube as the king of all Web video. And with a stake in Hulu’s success, they have even more incentive to help it win.

But if Hulu does become the de facto distribution vehicle for the media companies, the TV and movie companies who are not part of the partnership will be at a disadvantage. Companies like CBS and Time Warner have to consider joining as well. But Hulu can’t let them all in because at a certain point it will trigger antitrust concerns. So there is a limit to how dominant Hulu can become, but Hulu is still along way from getting there (Hulu streamed an estimated 380 million videos in March in the U.S., compared to 5.9 billion for YouTube). For now, merely presenting a serious challenge to YouTube is a good thing for competition and for video on the Web.