Spain-based WiFi-sharing network Fon raises $14m in a venture round led by the venture capital unit of California-based microchip manufacturer Qualcomm. Other previous investors also took part in the round, including Google, Deutsche Telekom and ventures capital firms Index Ventures, Coral, Atomico.
Both Fon and Qualcomm will work together to finish a new Fon router that combines social WiFi with social music. Qualcomm will also work with Fon to make it easier for WiFi router manufacturers to include Fon in their products.
“The amount of this round and the caliber of investors will propel us into our next stage of growth,” said Fon’s CEO, Martin Varsavsky. After consolidating its business in several European countries and having a presence in Japan and Brazil,…
