FreedomPop, a Los Angeles, CA-based free Internet company, raised $4.3m Series A1 funding.
Backers included existing investors DCM and Mangrove Capital.
Led by Stephen Stokols, CEO, FreedomPop ia a wireless Internet provider partners with wholesale 4G Wimax and 4G LTE mobile broadband networks to deliver free 4G mobile broadband Internet access. The company’s social platform enables capacity to be shared across Facebook and Twitter users – in addition to their email contacts – to see which of their friends are on FreedomPop and receive an additional 50MB of free data per friend they connect with (per month) while their friends remain users.
Founded in 2011, FreedomPop launched its free broadband service on Clearwire’s 4G network earlier this year and is scheduled to go live with Sprint in 2013. The company has raised $11.2m to date and is also backed by Skype founder Niklas Zennstom’s Atomico. It is hiring (read here).
FinSMEs
07/02/2013