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March 07, 2007
Backers of Spain's Fon Deliver 10M More Euros
Our sister site the a:c met last night with Faisal Galaria, Fon's New BD VP in San Francisco. Galaria's news blast was that Fon had just closed $13M in new funding from existing investors Index Ventures, Google and Sequoia Capital, and $4M from others. It has now raised a total of $35M.
Spain-based Fon asks users to share bandwidth at home or work to get to connect for free to all the other FON hotspots. Users buy a $40 router from Fon. Fon competes with fellow Spanish star-up Whisher as well as Kiwi start-up Tomizone.
Read - FON has Raised Another 10 Million Euros to Grow its WiFi Community Around the World (Founder's blog)
Posted on March 7, 2007 06:36 PM | Posted to Wireless | Permalink
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