Be-Bound, a San Francisco, California-based developer of a solution that allows users to stay connected to the Internet on smartphones even with limited or no data access, raised $4.5m in Series A funding.
Backers included Gonzague de Blignières, former Chairman of the Supervisory Equistone France and Barclays Private Equity France and the Global Corporate Investment Holding.
The company intends to use the funds to continue to grow through an expanded partnership strategy with mobile network operators (MNO) all over the world.
Founded in 2011 by Albert Szulman, CEO, and Yazid Chir, Be-Bound has developed technology that allows users to stay connected to the Internet on any existing network, including the most common 2G networks.
Operators are planning to use it to expand and complement their existing 3G, 4G, and WiFi networks, enabling millions of people living in countries where mobile internet coverage is low or non-existent, and in poorly covered areas.