Qualcomm Leads $14M Investment In Fon

San Diego-based wireless technology developer Qualcomm is the lead investor in a $14M round for Spanish Wi-fi sharing network operator Fon, the companies have announced. According to Fon, it raised $14M in a new financing round, led by Qualcomm Ventures, and also including Index Ventures, Google, Coral, Atomico and Deutsche Telekom (DT). Fon operates a Wi-fi hotspot sharing network, which lets users share bandwidth on their home Wi-Fi network in exchange for getting free access to other, Fon hotspots. More information »