Technology Industry
Industry: Email Alert RSS FeedSpain's Fon gets financial backing from Google, Skype for Wi-Fi sharing strategy.(Global Wireless)(Company Profile)
RCR Wireless News, February, 2006
Byline: JONI MORSE Google Inc. and Skype Technologies SA are among the backers of Fon, a Spanish Internet software company with plans to create a global network of 1 million shared Wi-Fi hot spots by 2010. In its first round of funding, the three-month-old company said it raised $21.7 million from Google, Index Ventures, Sequoia Capital and Skype.
Fon was founded by Martin Varsavsky, a European Internet entrepreneur, and has attracted about 3,000 registered members, which it calls "Foneros,'' since it went live with its "by-the-people, for-the-people'' service in November. The company's basic premise is to enable its users to synchronize access points so they pay for one connection at home and have instant access to a global Fon Wi-Fi...
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