Cycell Ltd, London, UK-based early stage specialist mobile network operator, has raised £600k in its angel funding round.
The round includes a £135k investment made by an LBA Angel Syndicate.
Led by Chairman Dale Murray and CEO Thomas Sunderland, CyCell offers a full range of specialist white label easy-to-use handsets, for which it owns all intellectual property, and airtime contracts to its clients.
The company intends to use the funds to complete product development, secure GSM certification and set up a production facility to customize and brand handsets.
CyCell’S network is powered by Vodafone and will be launched this year.
FinSMEs
30/09/2011