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Fon

Fon Raises $9.5 Million For Russia Launch, Making Big Losses

Apr 11, 2008 10:48 AM

WiFi-sharing community Fon has raised a $9.5 million third round of funding to take the service to Russia and upgrade its product offering. Spain-based Fon, launched in February 2006, lets some 170,000 worldwide participants share each others WiFi connections. BT (NYSE: BT) took an undisclosed stake in the company last…

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Posted In: Money, M&A & Venture Capital, Venture Capital, Technologies / Formats, Companies, Google, Countries, Europe, Spain, Russia, digital garage, fon, martin varsavsky

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