About FreedomPop
FreedomPop is a company based in Los Angeles (United States) founded in 2011 was acquired by Red Pocket Mobile in June 2019.. FreedomPop has raised $113.95 million across 8 funding rounds from investors including Intel, Axiata Group and TruConnect. FreedomPop offers products and services including Cell Phone Plans and Mobile Phones. FreedomPop operates in a competitive market with competitors including MasMovil, Circles.Life, Vodacom, Gigsky and Amaysim, among others.
- Headquarter Los Angeles, United States
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Sectors
Telecommunications
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Phone
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Website
*********
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Social
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Annual Revenue
$00as on Jul 30, 2015
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Net Profit
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EBITDA
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Total Equity Funding
$113.95 M (USD)
in 8 rounds
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Latest Funding Round
$50 M (USD), Series C
Jan 20, 2016
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Investors
Intel
& 9 more
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Employee Count
Employee Count
- Acquired by
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Products & Services of FreedomPop
FreedomPop offers a comprehensive portfolio of products and services, including Cell Phone Plans and Mobile Phones. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Affordable plans with unlimited talk, text, and various data options.
Smartphones compatible with service plans for communication needs.
Funding Insights of FreedomPop
FreedomPop has successfully raised a total of $113.95M across 8 strategic funding rounds. The most recent funding activity was a Series C round of $50 million completed in January 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Series C — $50.0M
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First Round
First Round
(19 Jul 2012)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2016 | Amount | Series C - FreedomPop | Valuation |
investors |
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| Nov, 2015 | Amount | Series B - FreedomPop | Valuation | Intel |
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| Jul, 2015 | Amount | Series B - FreedomPop | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in FreedomPop
FreedomPop has secured backing from 10 investors, including venture fund and institutional investors. Prominent investors backing the company include Intel, Axiata Group and TruConnect. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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LetterOne is engaged in long-term investments across key sectors.
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Founded Year | Domain | Location | |
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Tech-focused seed, early, and mid-stage VC investments are made globally.
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Founded Year | Domain | Location | |
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Venture capital is provided to global tech startups and scale-ups.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by FreedomPop
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - FreedomPop
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Freedompop Comparisons
Competitors of FreedomPop
FreedomPop operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as MasMovil, Circles.Life, Vodacom, Gigsky and Amaysim, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Mobile internet, calling, and telecommunications services are provided across Spain.
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| domain | founded_year | HQ Location |
Data-focused mobile plans are provided by online MVNO Circles.Life.
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| domain | founded_year | HQ Location |
Mobile telecommunication services are provided by Vodacom in South Africa.
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| domain | founded_year | HQ Location |
Roaming data services for travellers
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| domain | founded_year | HQ Location |
Mobile phone services are provided by Amaysim in Australia.
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| domain | founded_year | HQ Location |
Mobile telecommunication services provider
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Freedompop
Frequently Asked Questions about FreedomPop
When was FreedomPop founded?
FreedomPop was founded in 2011 and raised its 1st funding round 1 year after it was founded.
Where is FreedomPop located?
FreedomPop is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Who is the current CEO of FreedomPop?
Stephen Stokols is the current CEO of FreedomPop.
Is FreedomPop a funded company?
FreedomPop is a funded company, having raised a total of $113.95M across 8 funding rounds to date. The company's 1st funding round was a Series B of $10M, raised on Jul 19, 2012.
What does FreedomPop do?
FreedomPop provides mobile and internet services. It offers limited buckets of free voice, text and data, encouraging its users to buy value-added services such as additional data, a local global hotspot and local numbers from some countries that can be used to receive calls in other markets. It offers service on Sprints network in the U.S. and recently expanded its European business with more than two dozen network operators. It is planning to expand its services in Asia and Latin America. It has recently raised 50M to provide a global hotspot and roaming SIM to its customers.
Who are the top competitors of FreedomPop?
FreedomPop's top competitors include MasMovil, Circles.Life and Consumer Cellular.
What products or services does FreedomPop offer?
FreedomPop offers Cell Phone Plans and Mobile Phones.
Who are FreedomPop's investors?
FreedomPop has 10 investors. Key investors include Intel, Axiata Group, TruConnect, Partech Partners, and Atomico.
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