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Wireless

FreedomPop raises USD 30 mln in new financing

Wednesday 17 June 2015 | 16:05 CET | News
US MVNO FreedomPop announced USD 30 million in Series B financing to support its expansion to new markets. The company said earlier this year that it was considering either being acquired or seeking new external financing. It now says it declined "multiple M&A offers" in favour of organic growth. The capital injection was led by Partech Ventures and, as part of the financing, Mark Menell, General Partner, will be joining the FreedomPop board of directors. Existing investors DCM Capital and Mangrove Capital also contributed to the latest round. In addition, a new strategic investor was added,

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Categories: Mobile & Wireless
Companies: FreedomPop
Countries: Europe / United States
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