Data On Tap Secures Seed Financing

dotData On Tap Inc., a Toronto, Canada-based wireless provider, secured a seed funding of undisclosed amount.

The company intends to use the funds to establish dotmobile™ headquarters in Toronto next month and to launch the application in beta by this fall.

THE PRESS RELEASE

Data On Tap Inc. secures initial seed financing, announces Toronto office for dotmobile™ and two strategic partnerships

TORONTO, March 07, 2019 (GLOBE NEWSWIRE) — Data On Tap Inc., the company behind Canada’s newest all-digital wireless provider, dotmobile™, announces opening of Toronto office and two strategic partnerships after securing initial seed financing round.

Initial capital will be used to establish dotmobile™ headquarters in Toronto next month and to launch the application in beta by this fall. In addition, Data On Tap Inc. announces strategic partnerships with Apptium Technologies, headquartered outside of Washington, D.C., and iTo, headquartered in Kaunas, Lithuania.

“Less than thirty days after our brand concept launch, we are happy to announce that we’ve secured our initial seed investment. We’ve reached our funding target a full month earlier than planned and we now have a clear path to launch dotmobile’s application in beta by this fall, and full wireless service in 2020. Support from the Canadian government through the Innovation, Science and Economic Development Canada (ISED) directive and presumptive CRTC policy changes have cleared a path for tiny telecoms, companies like us. We are excited to showcase our unique vision to Canadians and solicit their input a full year ahead of our launch in 2020 at our website,” says Algis Akstinas, CEO of dotmobile™.

Apptium’s development centres in Toronto, Canada; Herndon, Virginia, USA; and Chennai, India will build the modern backend of dotmobile™, powering their vision of an all-digital, member-powered experience.

“We work with big telecoms in Canada, U.S., Europe and Asia Pacific, so we’ve seen the complexity behind older legacy systems. It’s exciting to think of what can be built if we start with digital-only right from the beginning. Our platform is the perfect tool for MVNOs like dotmobile™ who want to build upon the most open, secure and forward-thinking architecture that exists.” says Rick Kapani, CEO of Apptium Technologies.

iTo’s development centre in Kaunas, Lithuania will build the dotmobile™ application front-end, working closely with the digital experience designers at dotmobile™ HQ.

We are obsessed with building great experiences for telecommunication companies and work with them in some of the most competitive markets in the world. We joined dotmobile™ as an innovation partner at the end of last year when we were tasked with building their website and implement a member onboarding process that is private by design and simpler than any wireless service provider in Canada. The best digital experiences are those that are purposefully built.” says Paulius Lazauskas, CEO of iTo.

“Today’s announcements are illustrative of our innovation partner strategy: sharing a common vision, collaborating on a transparent roadmap and creating value for everyone. In addition to that, each partner has the opportunity to showcase telcotech innovations without being bound by the rigidity of legacy systems. With four specialized technology delivery centers around the world we will have around the clock development and innovation.” says Alex Bauman, CXO of dotmobile™.

Data on Tap Inc. is building dotmobile™, Canada’s newest wireless provider, a smart tiny telecom with a simple goal – to make wireless more affordable and awesome. Canadians now have a chance to contribute to the development of innovative, affordable wireless service by backing tiny telecoms. Data On Tap™, dotmobile™, dot.™ and the dot. logo are trademarks of Data On Tap Inc.

Media inquiries: media@dotmobile.app

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