With Its Hotspot Shield Hitting 60M Downloads, AnchorFree Lands A Whopping $52M From Goldman Sachs
Summary
This morning AnchorFree, the makers of the popular virtual private network Hotspot Shield, is announcing that it has raised $52 million in series C financing from Goldman Sachs. As part of its whopping series C round, Goldman is joined by existing investors former chairman and CEO of MCI Bert Roberts, RENN Capital President Russell Cleveland, angel investor Esther Dyson, former president of the Huffington Post Greg Coleman, Doug Maine, the former CFO of IBM, Rick Roth, and Kevin Cook, to name a few. For those unfamiliar, AnchorFree was founded back in 2005 with a simple mission: Provide secure, anonymous, and private browsing to internet users the world over. Over the years, the company has become best known for its flagship software, Hotspot Shield, an ad-supported virtual private network (VPN), which enables users to protect their privacy and identity while surfing the Web. The software offered the world a better sense of the breadth of that government intervention, and has become increasingly appealing to both first and third worlders accessing public hotspots.
Funding
Classifications
AskAI Classifications
LabelsLinked Companies
