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Mobile broadband virtual operator FreedomPop has gone back to its backers for another capital infusion. On Wednesday it announced an additional $5 million in funding from its existing investors.
This is the second time FreedomPop has bulked up its Series A round, raising a total of $15 million. FreedomPop didn’t specify which investors participated, but DCM and Mangrove Capital Partners led the previous two investments, while Skype founder Niklas Zennstrom’s Atomico fronted the company’s seed funding.
FreedomPop said it plans to use the funds to stock up on the all-IP smartphones it plans to use to launch its “free phone” service. The mobile virtual network operator (MVNO) started out as a mobile broadband provider offering 500 MB of free WiMAX data to all comers, but it has promised to try to its freemium model out on voice and SMS as well, becoming a full-service mobile operator.