In this day and age, technology is always changing and shifting to fit the climate, while reaching out to people in new ways. The company known as FreedomPop is just example of how technology branches out into new areas.
FreedomPop is a wireless mobile phone service provider that also has its own app. The company operates out of the Los Angeles area and focuses it goal on providing wireless services such as voice and text services on other networks such as Sprint and Clearwire. The company got its first strings back in 2011 when Stephen Stokols and Steven Sesar both came together and decided to create the company, while Stokols was working as a CEO for another company called Woo Media. After the founding of FreedomPop, the company had built a partnership with Lightsquared but it was unfortunately a short-lived one, due to Lightsquared not getting approval to grow from the FCC.
Despite the ending of its partnership, FreedomPop on engadget went on to start business, first by selling 4G hotspots and then started offering wireless and mobile internet services on the 4G network for Clearwire. This move allowed the company to start converting some of its free users to paid users by the end of 2012. Earlier that year the company held a fundraiser being led by Mangrove Capital and managed to raise $7.5 million in its first round, while gaining another $4.3 million later on.
With more time, FreedomPop began expanding itself even more when the company began its partnership with Sprint in April of 2013 and then expanding their wireless coverage to 3G and 4G Sprint devices. Then later in that year the company started a beta free mobile phone plan, as well as a program where users could bring in their own phones and get the app as long as they compatible with Sprint products. Only in 2014 did FreedomPop finally start selling Sprint-compatible iPhones to customers, later on adding Android smartphones to their products they planned to sell also.
In 2015 FreedomPop began launching their own Wi-Fi plan that would allow users nationwide to have access to Wi-Fi hotspots anywhere. In May of 2015, the company made the decision to expand its business beyond the borders of the United States to Europe, specifically in the United Kingdom and would start by offering roaming data services in the UK by the end of the year, though it would be limited to SIM only. In addition to this the company also held a fundraiser with the help of Partech Ventures, and ended up raising $30 million to aid in the production of some of their newer services.