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FreedomPop, an LA-based free broadband service, announced this morning they have raised $26 million to expand their free mobile service and accelerate their growth in the U.S.
The round was led by Partech Ventures with participation from DCM Capital and Mangrove Capital. Partech’s General Partner, Mark Menell, will also join FreedomPop’s board.
FreedomPop was launched in 2012, with backing from Skype Founder Niklas Zennstrom’s Atomico, in order to deliver free and fast mobile services to the entire nation.
According to CEO Stephen Stokols, FreedomPop has received numerous M&A offers recently, but declined in order to pursue this $30 million round.
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