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Internet

FreedomPop raises USD 4.3 mln in funding

Thursday 7 February 2013 | 19:21 CET | News
American free Internet company, FreedomPop has announced an additional USD 4.3 million in funding in a Series A1 from existing investors, DCM and Mangrove Capital, bringing total funding to USD 11.2 million. The company also announced the expansion of their social networks to share and request extra bandwidth from friends, extending the concept of "sharing economy" to the broadband market. Additionally, FreedomPop users will now receive 50MB per user they refer, up to five times from 10MB previously offered. FreedomPop users already have access to 100 percent free high speed Internet via a range of devices including its 4G iPod Sleeve, 4G iPhone 4/4S Sleeve, mi-fi mobile hotspot, USB dongle and home broadband router. There are also no contract, commitments or hidden fees and users can connect up to eight devices wirelessly. The social broadband feature is also currently available.


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Categories: Internet
Companies: FreedomPop
Countries: United States
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