Spotflux Closes $1M First Funding

Funding Rounds

▤ Summary

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 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.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.

$ Funding

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Amount $1.5M Total raised
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Date March 7, 2012 Announcement date
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Investors A. James Clark School of Engineering, The R-Group, LLC, New Atlantic Ventures (NAV), Kima Ventures Lead investors
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Company http://www.spotflux.com Funded company

▥ Classifications

industries
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applications
Networking and Cloud

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▦ Linked Companies

spotflux
$1M to $5M