HALO Networks, a London, UK-based mobile data user experience platform provider, has closed a £1.6m Series A financing.
The round was led by Nauta Capital, which invested from its €105m Nauta Tech Invest III fund, and DN Capital, which invested from its second fund GVCII.
Founded in 2011 by founder and CEO David Thompson, HALO Networks addresses the problem of mobile data network congestion caused by high demand for 3G capacity (more mobile video, web content and applications) providing a 3G to Wi-Fi offload experience for smartphone and tablet users. The company is currently working with mobile operators, video distributors and app developers.
FinSMEs
01/10/2011