Fon, the world’s largest WiFi network, announced today at the Mobile World Congress in Barcelona, that it has secured €10 million ($13.5 million) in new funding led by Atomico, the venture capital firm founded by Niklas Zennström, co-founder of Skype. 

Coral Group and other existing Fon investors also contributed to the round designed to help Fon take advantage of the growing demand for WiFi from smartphone and tablet users, and to expand their efforts in the US and elsewhere. The funding follows previous rounds, which raised a total of more than €40m since the company was founded by serial entrepreneur Martin Varsavsky (Jazztel, Viatel) in 2006.

Read more