When was Fon founded?

Fon was founded in 2006 and raised its 1st funding round within a year of its incorporation.

Where is Fon located?

Fon is headquartered in Madrid, Spain. It is registered at 8 CLIFFORD STREET, S/N, EX, 9707.

Who is the current CEO of Fon?

Martin Varsavsky of Fon. They have also founded 2 companies and are angel investors in 12 startups, including VAS Ventures and Fontech.

How many employees does Fon have?

As of Jul 01, 2024, the latest employee count at Fon is 51 - 200.

Is Fon a funded company?

Fon is a funded company, having raised a total of $71.7M across 8 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Feb 05, 2006.

When was the latest funding round of Fon?

Fon's latest funding was a $***** Grant (prize money) round on Jul 01, 2018, with participation from 1 investor.

Where does Fon rank among its competitors?

Fon ranks 7th amongst 66 active competitors, of which 10 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was Celona, which secured $34.8M in Feb, 2024.

Who are the top competitors of Fon?

Fon's top competitors include Plume, eero and Inseego. Among them, Celona secured the most recent funding round in February, 2024.

Fon - 2026 Company Profile, Team, Funding & Competitors

Company Details

Online platform for sharing personal Wi-Fi network using a router. The platform allows people to share a bit of their home-wifi, in return, they get free access to Fon hotspots all over the world. People can share their wifi using the Fon wifi router to connect to their broadband connection. People who need to access wifi have to buy a network pass. It also provides a mobile app that connects to any Fon wifi hot spot automatically. It is present in multiple locations.

Website: corp.fon.com
Social
Registered Address: 8 CLIFFORD STREET, S/N, EX, 9707

Key Metrics

Founded Year

2006

Location

Madrid, Spain

Stage

Acquired

Total Funding

$71.7M in 8 rounds

Latest Funding Round

Grant (prize money), Jul 01, 2018, $*****

Investors

Google & 14 more

Ranked

7^th among 66 active competitors

Employee Count

51 - 200 as on Jul 01, 2024

Investment & Acquisitions

XcellAir

Similar Companies

Plume & 34 more

Exit Details

Acquired by Agile (Apr 19, 2021)

View Fon's full profile

Fon is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Fon Wireless Limited CIN: 14.471.004/0001-62 , Brazil, Active	Oct 17, 2011	-	-	-

Fon got acquired by Agile on Apr 19, 2021.

Click here to take a look at Fon's acquisition in detail

Fon has raised a total funding of $71.7M over 8 rounds. Its first funding round was on Feb 05, 2006. Its latest funding round was a Grant (prize money) round on Jul 01, 2018 for $*****. 1 investor participated in its latest round. Fon has 15 institutional investors.

Here is the list of recent funding rounds of Fon:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 01, 2018	3605689	Grant (prize money)	4240889	9566044	3787811	3421332
Feb 12, 2015	1578333	Venture Debt	7935659	6928378	1510129	SVB
Feb 01, 2015	9196623	Grant (prize money)	8264200	9789495	1884375	Europa

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View details of Fon's funding rounds and investors

The founders of Fon are Martin Varsavsky and Ejovi Nuwere.

Here are the details of Fon's key team members:

Martin Varsavsky: Founder and CEO of Fon and founder of 5 other companies, including VAS Ventures, Fontech and Overture Life. They are also an angel investor in 12 startups.
Contact Info: 2 email addresses
Ejovi Nuwere: Co-founder of Fon.

View details of Fon's Founder profiles and Board Members

Fon's employee count trend

Fon has 51 - 200 employees as of Jul 24. Here is Fon's employee count trend over the years:

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Top competitors of Fon include Plume, eero and Inseego. Here is the list of Top 10 competitors of Fon, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Plume 2015, Palo Alto (United States), Series F	Self-optimizing adaptive Wi-Fi system provider	$697M	DICP, Qualcomm Ventures & 19 others	75/100
2nd	eero 2014, San Francisco (United States), Acquired	Developer of home and business mesh wifi network systems	$90M	Menlo Ventures, TriplePoint Capital & 17 others	68/100
3rd	Inseego 1985, San Diego (United States), Public	Provider of an IoT networking hardware and device management platform	$64.3M	Gemini, Ironside Ventures & 7 others	68/100
4th	AirTies 2011, Istanbul (Turkey), Acquired	Wi-Fi mesh network solutions provider	-	Invus, Endeavor & 1 others	64/100
5th	Celona 2019, Campbell (United States), Series C	Cloud-based wifi infrastructure connectivity management software provider	$135M	Qualcomm Ventures, Cervin & 5 others	63/100
6th	AMPLIFi 2016, San Jose (United States), Unfunded	Enterprise WiFi Mesh technology provider	-	-	62/100
7th	Fon 2006, Madrid (Spain), Acquired	Online platform for sharing personal Wi-Fi network using a router	$71.7M	Allen & Company, DTCP & 13 others	62/100
8th	Single Digits 2003, Bedford (United States), Acquired	Provider of managed Wi-Fi and connectivity solutions for hospitality, multi-family, senior living, and student housing	$12.5M	Spring Lake Equity Partners, Bregal Sagemount ... & 1 others	59/100
9th	Ekahau 2000, Reston (United States), Acquired	Wi-Fi solutions for design, optimization, troubleshooting, and security	$22M	Horizon, Tesi & 3 others	58/100
10th	Linksys 1988, Irvine (United States), Acquired	Enterprise data networking hardware products provider	$75M	Fortinet	54/100