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FreedomPop adds cash, new data sharing plan

FreedomPop has raised an additional $4.3 million, and has added new social media features that will allow users of its service to leverage their contacts to try to get more free data from their friends. The funding comes from existing investors DCM and Mangrove Capital, and values the company at a higher price than the previous round. FredomPop’s total funding to date stands at $11.2 million.

Brother can you spare some data?
FreedomPop customers will be able to see a graphic showing how much data each of their friends has left. The interface will enable users to ping their friends and ask for a data “loan,” or to send data to friends as a gift.

FreedomPop also said that it will give users 50 megabytes of free data each time they add a friend, whether or not they invited that friend to join the network.

Disuptive devices
FreedomPop sells devices that users can attach to their smartphones in order to access data plans. The company’s latest reported offering is an LTE clip that could connect tablets to LTE networks.

ABOUT AUTHOR

Martha DeGrasse
Martha DeGrassehttp://www.nbreports.com
Martha DeGrasse is the publisher of Network Builder Reports (nbreports.com). At RCR, Martha authored more than 20 in-depth feature reports and more than 2,400 news articles. She also created the Mobile Minute and the 5 Things to Know Today series. Prior to joining RCR Wireless News, Martha produced business and technology news for CNN and Dow Jones in New York and managed the online editorial group at Hoover’s Online before taking a number of years off to be at home when her children were young. Martha is the board president of Austin's Trinity Center and is a member of the Women's Wireless Leadership Forum.