Spotflux, a New York City-based company that has launched a free application that allows consumers worldwide to freely connect to the Internet with high standards of privacy protection, has closed its $1m first funding.
The round was led by New Atlantic Ventures, with participation from a group of angel investors, including Paris-based Kima Ventures.
The company intends to use the capital to increase adoption globally and advance its technology.
Founded in 2011 by Dean Mekkawy and Chris Naegelin, Spotflux is a free application that allows consumers to connect to the Internet and use the Web, from shopping to social media, shielding them from spyware, cookies, adware and other malicious software. It provides an easy to use, secure, limitless connection to the Internet by protecting identity and fully encrypting the Web connection. The application debuts on Windows and Mac computers.
In conjunction with the funding, John Backus, founding managing partner, New Atlantic Ventures, joined the company’s board of directors.
FinSMEs
08/03/2012